Sketchplanations

Explaining one thing a week in a sketch

Sneaky cognitive biases: hindsight bias, loss aversion, recency bias - Sketchplanations

Sneaky cognitive biases: hindsight bias, loss aversion, recency bias

Hindsight bias, Loss aversion and Recency bias. Parents in particular frustratingly seem to suffer from hindsight bias where everything becomes blindingly obvious as soon as a child has dropped the glass/fallen over/bumped into someone. Though ‘careful’ is not so useful after the fact.

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Hofstadter's Law: It always takes longer than you expect, even when you account for Hofstadter’s Law.”
Normalisation of deviance: A person looks dubiously on at a building site which seems to be ignoring all the safety signs.
(Normalization of deviance)
Two people walk through many white swans before bumping into a black swan. One claims it was obvious all along.
Prospect theory - Sketchplanations
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