Decision-making, belief and behavioral biasesMany of these biases affect belief formation, business and economic decisions, and human behavior in general. They arise as a replicable result to a specific condition: when confronted with a specific situation, the deviation from what is normatively is expected can be characterized by:
Ambiguity effect – the tendency to avoid options for which missing information makes the probability seem "unknown."
Anchoring – the tendency to rely too heavily, or "anchor," on a past reference or on one trait or piece of information when making decisions (also called "insufficient adjustment").
Attentional Bias – the tendency of emotionally dominant stimuli in one's environment to preferentially draw and hold attention and to neglect relevant data when making judgments of a correlation or association.
Availability heuristic – estimating what is more likely by what is more available in memory, which is biased toward vivid, unusual, or emotionally charged examples.
Availability cascade – a self-reinforcing process in which a collective belief gains more and more plausibility through its increasing repetition in public discourse (or "repeat something long enough and it will become true").
Backfire effect – when people react to disconfirming evidence by strengthening their beliefs
Bandwagon effect – the tendency to do (or believe) things because many other people do (or believe) the same. Related to groupthink and herd behavior.
Base rate neglect or Base rate fallacy – the tendency to base judgments on specifics, ignoring general statistical information.
Belief bias – an effect where someone's evaluation of the logical strength of an argument is biased by the believability of the conclusion.
Bias blind spot – the tendency to see oneself as less biased than other people.
Choice-supportive bias – the tendency to remember one's choices as better than they actually were.
Clustering illusion – the tendency to see patterns where actually none exist. Also referred to as "patternicity" by author Michael Shermer.
Confirmation bias – the tendency to search for or interpret information in a way that confirms one's preconceptions.
Congruence bias – the tendency to test hypotheses exclusively through direct testing, in contrast to tests of possible alternative hypotheses.
Conjunction fallacy – the tendency to assume that specific conditions are more probable than general ones.
Conservatism or Regressive Bias – tendency to underestimate high values and high likelihoods/probabilities/frequencies and overestimate low ones. Based on the observed evidence, estimates are not extreme enough
Contrast effect – the enhancement or diminishing of a weight or other measurement when compared with a recently observed contrasting object.
Denomination effect – the tendency to spend more money when it is denominated in small amounts (e.g. coins) rather than large amounts (e.g. bills).
Distinction bias – the tendency to view two options as more dissimilar when evaluating them simultaneously than when evaluating them separately.
Empathy gap – the tendency to underestimate the influence or strength of feelings, in either oneself or others.
Endowment effect – the fact that people often demand much more to give up an object than they would be willing to pay to acquire it.
Exaggerated expectation – based on the estimates, real-world evidence turns out to be less extreme than our expectations (conditionally inverse of the conservatism bias).
Experimenter's or Expectation bias – the tendency for experimenters to believe, certify, and publish data that agree with their expectations for the outcome of an experiment, and to disbelieve, discard, or downgrade the corresponding weightings for data that appear to conflict with those expectations.
Focusing effect – the tendency to place too much importance on one aspect of an event; causes error in accurately predicting the utility of a future outcome.
Forward Bias – the tendency to create models based on past data which are validated only against that past data.
Framing effect – drawing different conclusions from the same information, depending on how that information is presented.
Frequency illusion – the illusion in which a word, a name or other thing that has recently come to one's attention suddenly appears "everywhere" with improbable frequency (see also recency illusion). Sometimes called "The Baader-Meinhof phenomenon".
Gambler's fallacy – the tendency to think that future probabilities are altered by past events, when in reality they are unchanged. Results from an erroneous conceptualization of the Law of large numbers. For example, "I've flipped heads with this coin five times consecutively, so the chance of tails coming out on the sixth flip is much greater than heads."
Hard-easy effect – Based on a specific level of task difficulty, the confidence in judgments is too conservative and not extreme enough
Hindsight bias – sometimes called the "I-knew-it-all-along" effect, the tendency to see past events as being predictable at the time those events happened.(sometimes phrased as "Hindsight is 20/20")
Hostile media effect – the tendency to see a media report as being biased due to one's own strong partisan views.
Hyperbolic discounting – the tendency for people to have a stronger preference for more immediate payoffs relative to later payoffs, where the tendency increases the closer to the present both payoffs are.
Illusion of control – the tendency to overestimate one's degree of influence over other external events.
Illusory correlation – inaccurately perceiving a relationship between two unrelated events.
Impact bias – the tendency to overestimate the length or the intensity of the impact of future feeling states.
Information bias – the tendency to seek information even when it cannot affect action.
Irrational escalation – the phenomenon where people justify increased investment in a decision, based on the cumulative prior investment, despite new evidence suggesting that the decision was probably wrong.
Just-world hypothesis – the tendency for people to want to believe that the world is fundamentally just, causing them to rationalize an otherwise inexplicable injustice as deserved by the victim(s).
Knowledge bias – the tendency of people to choose the option they know best rather than the best option.
Loss aversion – "the disutility of giving up an object is greater than the utility associated with acquiring it". (see also Sunk cost effects and endowment effect).
Mere exposure effect – the tendency to express undue liking for things merely because of familiarity with them.
Money illusion – the tendency to concentrate on the nominal (face value) of money rather than its value in terms of purchasing power.
Moral credential effect – the tendency of a track record of non-prejudice to increase subsequent prejudice.
Negativity bias – the tendency to pay more attention and give more weight to negative than positive experiences or other kinds of information.
Neglect of probability – the tendency to completely disregard probability when making a decision under uncertainty.
Normalcy bias – the refusal to plan for, or react to, a disaster which has never happened before.
Observer-expectancy effect – when a researcher expects a given result and therefore unconsciously manipulates an experiment or misinterprets data in order to find it (see also subject-expectancy effect).
Omission bias – the tendency to judge harmful actions as worse, or less moral, than equally harmful omissions (inactions).
Optimism bias – the tendency to be over-optimistic, overestimating favorable and pleasing outcomes (see also wishful thinking, valence effect, positive outcome bias).
Ostrich effect – ignoring an obvious (negative) situation.
Outcome bias – the tendency to judge a decision by its eventual outcome instead of based on the quality of the decision at the time it was made.
Overconfidence effect – excessive confidence in one's own answers to questions. For example, for certain types of questions, answers that people rate as "99% certain" turn out to be wrong 40% of the time.
Pareidolia – a vague and random stimulus (often an image or sound) is perceived as significant, e.g., seeing images of animals or faces in clouds, the man in the moon, and hearing hidden messages on records played in reverse.
Pessimism bias – the tendency for some people, especially those suffering from depression, to overestimate the likelihood of negative things happening to them.
Planning fallacy – the tendency to underestimate task-completion times.
Post-purchase rationalization – the tendency to persuade oneself through rational argument that a purchase was a good value.
Primacy effect – the greater ease of recall of initial items in a sequence compared to items in the middle of the sequence.
Pro-innovation bias – the tendency to reflect a personal bias towards an invention/innovation, while often failing to identify limitations and weaknesses or address the possibility of failure.
Pseudocertainty effect – the tendency to make risk-averse choices if the expected outcome is positive, but make risk-seeking choices to avoid negative outcomes.
Reactance – the urge to do the opposite of what someone wants you to do out of a need to resist a perceived attempt to constrain your freedom of choice.
Recency bias – a cognitive bias that results from disproportionate salience of recent stimuli or observations – the tendency to weigh recent events more than earlier events (see also peak-end rule).
Recency illusion – the illusion that a phenomenon, typically a word or language usage, that one has just begun to notice is a recent innovation (see also frequency illusion).
Regressive Bayesian likelihood – estimates of conditional probabilities are conservative and not extreme enough
Restraint bias – the tendency to overestimate one's ability to show restraint in the face of temptation.
Selective perception – the tendency for expectations to affect perception.
Semmelweis reflex – the tendency to reject new evidence that contradicts a paradigm.
Social comparison bias – the tendency, when making hiring decisions, to favour potential candidates who don't compete with one's own particular strengths.
Status quo bias – the tendency to like things to stay relatively the same (see also loss aversion, endowment effect, and system justification).
Stereotyping – expecting a member of a group to have certain characteristics without having actual information about that individual.
Subadditivity effect – the tendency to estimate that the likelihood of an event is less than the sum of its (more than two) mutually exclusive components.
Subjective validation – perception that something is true if a subject's belief demands it to be true. Also assigns perceived connections between coincidences.
Unit bias – the tendency to want to finish a given unit of a task or an item. Strong effects on the consumption of food in particular.
Well travelled road effect – underestimation of the duration taken to traverse oft-traveled routes and over-estimate the duration taken to traverse less familiar routes.
Zero-risk bias – preference for reducing a small risk to zero over a greater reduction in a larger risk.
 Social biasesMost of these biases are labeled as attributional biases.
Actor-observer bias – the tendency for explanations of other individuals' behaviors to overemphasize the influence of their personality and underemphasize the influence of their situation (see also Fundamental attribution error), and for explanations of one's own behaviors to do the opposite (that is, to overemphasize the influence of our situation and underemphasize the influence of our own personality).
Defensive attribution hypothesis – defensive attributions are made when individuals witness or learns of a mishap happening to another person. In these situations, attributions of responsibility to the victim or harm-doer for the mishap will depend upon the severity of the outcomes of the mishap and the level of personal and situational similarity between the individual and victim. More responsibility will be attributed to the harm-doer as the outcome becomes more severe, and as personal or situational similarity decreases.
Dunning–Kruger effect an effect in which incompetent people fail to realise they are incompetent, because they lack the skill to distinguish between competence and incompetence
Egocentric bias – occurs when people claim more responsibility for themselves for the results of a joint action than an outside observer would.
Forer effect (aka Barnum effect) – the tendency to give high accuracy ratings to descriptions of their personality that supposedly are tailored specifically for them, but are in fact vague and general enough to apply to a wide range of people. For example, horoscopes.
False consensus effect – the tendency for people to overestimate the degree to which others agree with them.
Fundamental attribution error – the tendency for people to over-emphasize personality-based explanations for behaviors observed in others while under-emphasizing the role and power of situational influences on the same behavior (see also actor-observer bias, group attribution error, positivity effect, and negativity effect).
Halo effect – the tendency for a person's positive or negative traits to "spill over" from one area of their personality to another in others' perceptions of them (see also physical attractiveness stereotype).
Illusion of asymmetric insight – people perceive their knowledge of their peers to surpass their peers' knowledge of them.
Illusion of transparency – people overestimate others' ability to know them, and they also overestimate their ability to know others.
Illusory superiority – overestimating one's desirable qualities, and underestimating undesirable qualities, relative to other people. (Also known as "Lake Wobegon effect," "better-than-average effect," or "superiority bias").
Ingroup bias – the tendency for people to give preferential treatment to others they perceive to be members of their own groups.
Just-world phenomenon – the tendency for people to believe that the world is just and therefore people "get what they deserve."
Moral luck – the tendency for people to ascribe greater or lesser moral standing based on the outcome of an event rather than the intention
Outgroup homogeneity bias – individuals see members of their own group as being relatively more varied than members of other groups.
Projection bias – the tendency to unconsciously assume that others (or one's future selves) share one's current emotional states, thoughts and values.
Self-serving bias – the tendency to claim more responsibility for successes than failures. It may also manifest itself as a tendency for people to evaluate ambiguous information in a way beneficial to their interests (see also group-serving bias).
System justification – the tendency to defend and bolster the status quo. Existing social, economic, and political arrangements tend to be preferred, and alternatives disparaged sometimes even at the expense of individual and collective self-interest. (See also status quo bias.)
Trait ascription bias – the tendency for people to view themselves as relatively variable in terms of personality, behavior, and mood while viewing others as much more predictable.
Ultimate attribution error – similar to the fundamental attribution error, in this error a person is likely to make an internal attribution to an entire group instead of the individuals within the group.
Worse-than-average effect – a tendency to believe ourselves to be worse than others at tasks which are difficult