Webcitagram

Decoy effect — Preferences for either option A or B change in favor of option B when option C is presented, which is completely dominated by option B (inferior in all respects) and partially dominated by option A.

picture loading error handler
117 thought(s)117

114 Decision-making and behavioral biases

Often we are faced with situations where our intuition misguides us. Cognitive biases are systematic patterns of deviation from norm or rationality in judgment. Many of these biases affect belief formation, business and economic decisions, and human behavior in general.
Cognitive biases
Decision-making
behaviorlal bias
Beliefs
Psychology

Explore more quotes

Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen
Roland Koehnen