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Showing 187 biases.

Not Enough Meaning

We tend to find stories and patterns even when looking at sparse data

Neglect of probability

Description

The tendency to completely disregard probability when making a decision under uncertainty.

Neglect of probability in business decision

An employee might be more afraid of a rare, dramatic workplace accident (e.g., a fire) than more common, less sensational risks (e.g., repetitive strain injuries), despite the probability differences.

Neglect of probability in personal life decision

You worry more about being bitten by a shark at the beach than about slipping in the bathroom, even though slipping is far more likely.