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Browse & Filter Biases

Showing 187 biases.

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To act, we must be confident we can make an impact and feel what we do is important

Illusion of control

Description

The tendency for people to overestimate their ability to control events.

Example 1:

An investor might believe their specific trading rituals or routines directly influence stock market performance, even though market movements are largely outside their control.

Example 2:

A stock trader might believe their specific rituals or routines influence market movements, or a manager might feel they have more control over complex project outcomes than is realistic.