Glenn Stovall

Cognitive Biases are an examples of heuristics based on bad mental models.

Certainty Effect

"people are drawn to sure things over probabilities, even when the probability is a better choice"

Exposure Effect

"The moment we become familiar with something, we start believing we also understand it. On top of that, we also tend to like it more."

  • Source: Take Smart Notes

Historians as Prophets Fallacy

"An over-reliance on past data as a signal to future conditions."

  • Source: The Psychology of Money

Overconfidence Bias

"Believing that all plans will happen in best-case scenario circumstances."

Recency Bias

"Favoring something because it is newer."

Similarity Principle

"We trust people more when we view them as being similar or familiar."

  • Source: Never Split The Difference