Adonis Diaries

Posts Tagged ‘less irrational behaviors

Fallacies, Biases, Illusions, effects, trendencies, errors… and “The Art of Thinking Clear”

By Rolf Dobelli

This book is a simple guide to “less irrational” behaviors and tendencies, as we get aware of the hundreds of biases that are ingrained in our behaviors.

I have reviewed two dozen of these 99 listed biases and added my comments.

“It isn’t what we know that gets in our way. It is what we believe” Physicist  Harold Puthoff

“We’d rather be roughly right than precisely right” Lord Keynes

“Faced with the choice between changing our mind and proving there is no need to do so, everyone gets busy on the proof” (John Kenneth Galbraith)

1. Survivorship Bias

2. Swimmer’s body illusion

3. Clustering illusion

4. Social proof effect

5. Sunk cost effect

6. Reciprocity

7. Confirmation

8. Authority

9. Contrast effect

10. Availability

11. Getting worse before getting better fallacy

12. Story bias

13. In hindsight illusion

14. Overconfidence bias

15. Chauffeur knowledge

16. Illusion of control

17. Insensitive Super-Response tendency

18. Regression to mean fallacy

19. Outcome bias

20. Paradox of choice

21. Liking bias

22. Endowment effect

23. Coincidence fallacy

24. Group think effect

25. Neglect of Probability

26. Scarcity Error

27. Base-rate neglect

28. Gambler’s fallacy

29. The Anchor

30. Induction

31. Loss aversion

32. Social loafing

33. Exponential growth

34. Winner’s curse

35. Fundamental attribution error

36 False causality

37. Halo effect

38. Alternative path

39. Forecast illusion

40. Conjunction fallacy

41. Framing

42. Action bias

43. Omission bias

44. Self-serving

45. Hedonic treadmill

46. Sel-selection bia

47. Beginner’s luck

48. Cognitive dissonance

49. Hyperbolic discounting

50. Because Justification

51. Decision fatigue

52. Contagion bias

53. Problems with averages

54. Motivation crowding

55. Twaddle tendency

56. Will Roger phenomenon

57. Information bias

58. Effort justification

59. Law of small numbers

60. Expectations

61. Simple logic fallacy

62. Forer effect

63. Volunteer’s folly

64. Affect heuristic

65 Introspection illusion

66. Inability to close doors

67. Neomania

68. Sleeper effect

69. Alternative blindness

70. Social comparison

71. Primacy and recency effects

72. “Not invented here” syndrome

73. The Black Swan

74. Domain Dependence

75. False-Consensus

76. Falsification of History bias

77. In-group, out-group biases

78. Ambiguity aversion

79. Default, standard option effects

80. Fear of regret

81. Salience effect

82. House-Money effect

83. Procrastination

84. Envy vs jealousy

85. Personification

86. Illusion of paying attention

87. Planning fallacy

88. Zeigarnik effect

89. Illusion of skills

90. Feature=positive effect

91. Cherry picking tendency

92. Single cause fallacy

93 Intention to treat errors

94. News illusion

Note 1: As you read these 100 tendencies to commit errors of judgment, try to add other systematic biases to the list

Try to add a title or a short statement that succinctly describe the topic.

Note 2: The exigencies of living lead us to stick to most of our biases and fallacies. We tend to procrastinate acting on our well-intentioned decisions that could correct our ill-conceived methodology to run our life.

Note 3:  To better comprehend these types of behavioral errors or shortcomings, the best way is to try various taxonomies (categorizing) for these biases, fallacies… that lead to errors

1. You may define these terms and delimit how they differ and sort them accordingly

2. You may sort them according to cognitive, social, evolutionary perspectives

3. Sort them according to your field of interest so that you rely on a shorter list when reviewing failed projects and erasing the biases that were taken care of.

4. Group them for correlation or seemingly contradictory behaviors







January 2021

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