Regression Toward the Mean: 7 Real-World Examples

Regression Toward the Mean: 7 Real-World Examples

What does “regression toward the mean” mean in psychology? How does it apply to everyday life? Regression toward the mean refers to the principle that, over repeated sampling periods, outliers tend to revert to the mean. High performers show disappointing results when they fail to continue delivering; strugglers show sudden improvement. We’ll cover what it means to regress toward the mean in psychology, 7 examples of regression toward the mean, and how to counter biases related to this phenomenon.

Guide to the Representative Heuristic: Definition, Examples

Guide to the Representative Heuristic: Definition, Examples

What does “representativeness” mean in psychology? What are examples of representativeness heuristics? The representative heuristic is when you organize objects by their similarities and categorize them around a prototype. The representativeness heuristic describes when we estimate the likelihood of an event by comparing it to an existing prototype in our minds. We’ll go more in depth into the above representative heuristic definition and cover multiple representative heuristic examples in psychology.

Cognitive Ease: What It Is (And How To Increase It)

Cognitive Ease: What It Is (And How To Increase It)

What is cognitive ease? What is it good for, and when does it hinder you? Cognitive ease is an internal measure of how easy or strained your cognitive load is. In a state of cognitive ease, you’re probably in a good mood, believe what you hear, trust your intuitions, feel the situation is familiar, are more creative, and are superficial in your thinking. We’ll cover the properties of cognitive ease and how to use the concept to get your point across and convince others of its truth.

2 Classic Conjunction Fallacy Examples, Explained

2 Classic Conjunction Fallacy Examples, Explained

What is the conjunction fallacy? How can you avoid it? Conjunction fallacy is the belief that the conjunction of two events happening is more probable than one happening. Often, extra details that create a coherent story make the events in that story seem more probable, even though the extra conditions needing to be met make the conjunction less probable. The best way to illustrate this is with a conjunction fallacy example. We’ll cover two examples of the conjunction fallacy and how to counter this bias.

Overconfidence Bias: Do You Overrate Your Abilities? (Most People Do)

Overconfidence Bias: Do You Overrate Your Abilities? (Most People Do)

What is overconfidence bias? How do you avoid it? Overconfidence bias is when a person feels more confident in the accuracy of his or her judgment than objective standards would indicate. Overconfidence bias can lead to bad decisions and faulty predictions. Learn what overconfidence bias is, see examples of different types of overconfidence bias, and learn how to avoid the overconfidence effect.

6 Framing Effect Examples: Context Matters in Decision-Making

6 Framing Effect Examples: Context Matters in Decision-Making

What are framing effects in psychology? How do framing effects affect decision making? The framing effect is a cognitive bias in which people make decisions based on whether the options are “framed,” or presented, as losses or gains. An outcome presented as a gain is much more favorable as the same outcome framed as a loss. We’ll cover how framing effects impact your decision making and look at framing effect examples.