Posted in cognitive biases

Pluralistic ignorance: What the majority think…

Most of the time we live in an illusion of misjudging others. Why do I say that? Imagine that you are listening to a lecture with your classmates. You want to ask a question from the lecturer to clarify a certain matter. However, you assume your classmates understand the presentation…

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Posted in cognitive biases

False consensus effect: We overestimate sometimes

We overestimate, sometimes. We assume more people agree with what we agree upon. But, often, that is not the reality. We might be in ” false consensus”. We overestimate. The subject experts call it the ” false consensus effect” It is a strong cognitive bias. This effect came to light…

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Posted in cognitive biases

What is the Self-Fulfilling Prophecy?

Think of this scenario: “A depositor empties his bank account because of his wrong belief that the bank is bankrupt. The word spreads like a wildfire; others follow suit. As a result, the bank becomes bankrupt”. This, in fact, occurred in Greece in 2015. This is the “self-fulfilling prophecy”. As…

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