Immagine
 Trilingual World Observatory: italiano, english, română. GLOBAL NEWS & more... di Redazione
   
 
\\ Home Page : Articolo
Science & Nature: 10 More Common Faults in Human Thought. Part 4 of 5.
By Admin (from 29/01/2011 @ 12:00:31, in en - Science and Society, read 1551 times)

... CONTINUES.

4

Endowment Effect
 
 

Screen Shot 2010-04-12 At 1.43.55 Pm

The Endowment Effect is the idea that people will require more to give up an object than they would pay to acquire it. It is based on the hypothesis that people place a high value on their property. Certainly, this is not always an error; for example, many objects have sentimental value or are “priceless” to people, however, if I buy a coffee mug today for one dollar, and tomorrow demand two dollars for it, I have no rationality for asking for the higher price. This happens frequently when people sell their cars and ask more than the book value of the vehicle, and nobody wants to pay the price.

Interesting Fact: this bias is linked to two theories; “loss aversion” says that people prefer to avoid losses rather than obtain gains, and “status quo” bias says that people hate change and will avoid it unless the incentive to change is significant.

3
Self-Serving Bias
 
 

Student-In-Exam-Copy

A Self-Serving Bias occurs when an individual attributes positive outcomes to internal factors and negative outcomes to external factors. A good example of this is grades, when I get a good grade on a test; I attribute it to my intelligence, or good study habits. When I get a bad grade, I attribute it to a bad professor, or poorly written exam. This is very common as people regularly take credit for successes but refuse to accept responsibility for failures.

Interesting Fact: when considering the outcomes of others, we attribute causes exactly the opposite as we do to ourselves. When we learn that the person who sits next to us failed the exam, we attribute it to an internal cause: that person is stupid or lazy. Likewise, if they aced the exam, they got lucky, or the professor likes them more. This is known as the Fundamental Attribution Error.

TO BE CONTINUED ...

Articolo Articolo  Storico Storico Stampa Stampa  Share
Cannabis seeds, Autoflowering seeds, Greenhouse, Sweet Seeds, Dutch Passion
comments powered by Disqus
 
Nessun commento trovato. No comments found. Nici un comentariu găsit.

Anti-Spam: dial the numbers CAPTCHA
Text (max 5000 characters)
Nome - Name - Nume
Link ( OPTIONAL - visible on the site - NOT a must )


Disclaimer
Tuo commento sarŕ visibile dopo la moderazione. - Your comment will be visible after the moderation. - Comentariul tău va fi vizibil după moderare.
Ci sono 2720 persone collegate

< ottobre 2019 >
L
M
M
G
V
S
D
 
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
     
             

Titolo
en - Global Observatory (605)
en - Science and Society (594)
en - Video Alert (346)
it - Osservatorio Globale (503)
it - Scienze e Societa (555)
it - Video Alerta (132)
ro - Observator Global (399)
ro - Stiinta si Societate (467)
ro - TV Network (149)
z - Games Giochi Jocuri (68)

Catalogati per mese - Filed by month - Arhivate pe luni:

Gli interventi piů cliccati

Ultimi commenti - Last comments - Ultimele comentarii:
Hi, it's Nathan!Pretty much everyone is using voice search with their Siri/Google/Alexa to ask for services and products now, and next year, it'll be EVERYONE of your customers. Imagine what you are ...
15/01/2019 @ 17:58:25
By Nathan
Now Colorado is one love, I'm already packing suitcases;)
14/01/2018 @ 16:07:36
By Napasechnik
Nice read, I just passed this onto a friend who was doing some research on that. And he just bought me lunch since I found it for him smile So let me rephrase that Thank you for lunch! Whenever you ha...
21/11/2016 @ 09:41:39
By Anonimo


Titolo

Latest NEWS @
www.TurismoAssociati.it

Non-Hodgkin lymphoma cured by CANNABIS. The video of Stan and Barb Rutner.

Dr. Joycelyn Elders, U.S. surgeon general: Myths About Medical Marijuana in The Providence Journal, 2004.

Marihuana vindeca CANCERUL: marturii despre uleiul de cocos si canabis.

Yahoo Incorporated Mail. My account recovery information is incorrect. The Password Helper says my password can't be reset online. "First time signing in here?" message.

All information in a video about Donatio Mortis Causa and The Venus Project

What is TOR browser?

Global stocks jump on report Brexit deal may be close, oil slips

Turkey pushes offensive in Syria, despite sanctions and calls to stop

Trump to meet U.S. lawmakers on Syria at White House on Wednesday: sources

Erdogan says Turkey will never declare ceasefire in northern Syria

Pence, Giuliani will not cooperate in U.S. House impeachment inquiry

House Democrats will hold off on full vote authorizing impeachment probe: source

Ultimele articole - Antena3.roTaifunul Hagibis a luat peste 70 de vieti în Japonia. Alte zeci de persoane sunt date disparute

HOROSCOP 16 OCTOMBRIE. Fecioarele au idei noi, Taurii petrec timp în familie

Viorica Dancila: Am fi de acord cu o unire cu Pro România, dar fara Victor Ponta

CALENDAR ORTODOX 16 OCTOMBRIE. Ce sfânt este sarbatorit astazi?

Vasile a ajuns de râsul satului în urma cu mai mul?i ani pentru un incident din Elve?ia. Recent, însa, barbatul a comis-o grav. De atunci, toata lumea îl cauta, iar dispari?ia lui este învaluita într-un mister total

?i-a lasat ma?ina în parcare, iar a doua zi diminea?a, a gasit un bilet naucitor în parbriz: "Cum sa-mi scrii mie a?a ceva?"





16/10/2019 @ 01:33:52
script eseguito in 952 ms