Pseudocertainty effect — The tendency to make risk-averse choices if the expected outcome is positive, but make risk-seeking choices to avoid negative outcomes.

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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

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