Cognitive Biases

1. A person sees a sweater originally priced at $120 but marked down to $60. They feel it’s a great deal, even if they don’t need a sweater in the first place.
4. A student who does well on the first exam in a class might believe they can slack off for the next exam, overestimating their ability to perform without studying.
5. A person keeps watching a TV series they don’t enjoy, thinking they’ve already watched five seasons, so they might as well finish it rather than starting something new.
7. After the stock market crashes, investors say, “I knew it was going to happen,” even though they didn't predict it before it occurred.
8. A person who loses a game might blame bad luck, but if they win, they credit their own strategy and skills.
10. After watching news reports of a shark attack, Joe decides to avoid swimming in the ocean, even though the likelihood of a shark encounter is very low.
11. At a networking event, you focus more on an attractive person, assuming they’re more interesting, even though their conversation is no different from others.

2. If a person sees ten positive reviews for a new restaurant but one negative review, they may decide not to go based on the single negative opinion, even though the majority is favorable.
3. A group of friends decides to go to a restaurant, even though some members don’t really want to, because they don’t want to disagree with the group.
6. A person who believes in astrology will search for horoscopes that match their life events, while ignoring those that don’t.
9. A person has been using the same smartphone for several years. Even though there are newer models available with better features, they continue to use their old phone simply because they’re used to it.