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.

Narrative Fallacy: 7 Examples of Harmful Storytelling

Narrative Fallacy: 7 Examples of Harmful Storytelling

What is narrative fallacy? When and why do you make this fallacy, and how can you avoid it? The narrative fallacy is the tendency to create a story with cause-and-effect explanations out of random details and events. We fall victim to the narrative fallacy because our brains want to make sense of a random world. Learn why your brain is so prone to falling for the narrative fallacy and how to counter it.

Hindsight Bias Examples: No, You Didn’t Know It All Along

Hindsight Bias Examples: No, You Didn’t Know It All Along

What is hindsight bias? How does it work, and how can you avoid it? Hindsight bias is the tendency to believe you have predicted events or outcomes that were unpredictable. Hindsight bias is a problem because it inflates our confidence about predicting the future. We’ll look at hindsight bias examples that make the above definition clearer. Learn why the hindsight bias in psychology is an issue and how to overcome it.