Cognitive bias algorithms
- Availability cascade – repeat something over and over and it will come true.
- Bandwagon effect.
- Confirmation bias.
- Fear of missing out (FOMO).
- Herd mentality.
- Anchoring – relying on a single piece of information in the decision process.
- Framing – reaching different conclusion from same information depending on how the information is presented.
- Zeigarnik effect – remembering incomplete task better than completed tasks. LinkedIn’s profiles.
- Authority bias.
- Loss aversion.
- Reciprocity bias.
- Hyperbolic discounting bias – preference for immediate payoffs relative to later payoffs.