Category: cognitive biases
What happens in Cognitive Dissonance
In 1957, Leon Festinger put forward the cognitive dissonance. What does “dissonance” mean? The word, “dissonance” refers to either a “lack of agreement” or an “inconsistency”. In cognitive dissonance, we are entering into an internal clash among different cognitions – beliefs, thoughts, or attitudes. Let us be clear this concept…
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…
False consensus effect: We overestimate sometimes
We overestimate, sometimes. We assume there are more people who agree with what we agree. But, in reality, this number becomes fewer than we assume. We overestimate. This situation is identified as the ” false consensus effect” It is a strong cognitive bias. This effect came to light with Ross…
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…
