The hindsight bias refers to our tendency to retrospectively see an unexpected event as having been easily predicted.
What Is Endowment Effect? Within the complex world of human psychology, there are distinct behavioral biases that emerge as intriguing idiosyncrasies, exerting an impact on our cognitive processes and judgments. The “Endowment Effect” provides insight into the process by which individuals assign worth to their possessions. It also emphasizes the complex mechanisms through which our