The Behavioural Biases Of Individuals
There are two types of Behavioural biases : 1 . Cognitive Errors 2. Emotional Bias Cognitive Errors Cognitive Errors are due to error in informational processing , statistical errors and memory errors . There are two types of Cognitive Errors . Belief based and informational processing based . Belief Perseverance Bias 1. Conservatism 2. Confirmation 3. Representativeness 4. Illusion Of Confidence 5. Hindsight Information Processing Bias 1. Anchoring 2. Adjustment 3. Mental Accounting 4. Framing 5. Availability Emotional Biases Emotional…