Anecdotal Evidence

Evidence from anecdotes, collected in a casual or informal manner, relying on personal testimony.

Confirmation Bias

Only search for, interpret, favor, and recall information in a way that confirms or supports one's prior beliefs or values.

Schrodinger Claim

A statement that could be true, or false, depending on "what's in the box", (see Schrodinger cat), or more in general on the meaning at a deeper level.

Anchoring Bias

Relying too heavily: - on a particular reference point, an "anchor", - on the first piece of information received to influence your decision making.

E.g.: something on sale, see before / after price.

If you see only the after price alone, it would not influence your decision making the same.

Recency Bias

Basing your decision only on the most recent information.

Yeah but this time is different...

Herding Bias

Follow the crowd instead of making decisions independently.

E.g.: - invest in crypto.

Survivorship Bias

Only look at a small biased sample of a population to make conclusions about the general population. The sample are the "survivors".

Sunk cost fallacy

Enduring in a strategy that results in money loss, only because we have invested largely into it, even if it is clear that stopping that strategy would be more beneficial.

Straw man fallacy

Refute an argument, only by addressing a wrong, weak or distorted version of it:

• extremize the argument
• using edge cases
• using exceptions as the normality
• simplifying too much