Editing Heuristics and Biases (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Heuristic''' — A "Mental Shortcut" that allows for "Fast," "Frugal" decision-making (e.g., 'If it's expensive, it must be good').
* '''Cognitive Bias''' — A "Systematic Deviation" from "Rationality" in "Judgment" (A 'Predictable Error').
* '''Anchoring''' — The "Bias" where people "Rely Too Heavily" on the "First Piece of Information" (The 'Anchor') they receive (e.g., 'The first price mentioned in a negotiation').
* '''Availability Heuristic''' — The "Bias" where people "Estimate Probability" based on "How Easily" an "Example" comes to "Mind" (e.g., 'Fearing plane crashes because they are on the news').
* '''Representativeness Heuristic''' — "Judging" the "Likelihood" of an event based on "How Well it Matches" a "Stereotype" (e.g., 'The Linda Problem').
* '''Confirmation Bias''' — The "Tendency" to "Seek Out," "Interpret," and "Remember" information that "Supports" our "Existing Beliefs."
* '''Hindsight Bias''' — The "Tendency" to "Believe" that an event was "Predictable" "After it has Happened" ('I knew it all along').
* '''Overconfidence Bias''' — The "Tendency" to "Overestimate" our "Knowledge," "Ability," and "Precision."
* '''Sunk Cost Fallacy''' — The "Bias" where we "Continue" an "Activity" (like 'Watching a bad movie') because we have already "Invested" "Time or Money" in it.
* '''Dunning-Kruger Effect''' — The "Bias" where "Incompetent People" "Believe they are Experts," while "Experts" "Underestimate" their "Relative Skill."
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