Sentences with phrase «general psychological bias»

In other words, the sportsbooks played on the public's general psychological bias towards betting on the «favorites» to bet even more money on supposed lopsided games.

Not exact matches

If you don't understand the psychological biases and heuristics that technical experts, policy - makers, and the general public, use in thinking about uncertain risks, you won't be able to communicate effectively because people will unconsciously distort what you say to fit their preconceived (possibly faulty) mental model of the issue (see M. Granger Morgan, «Risk Communication: A Mental Models Approach» (Cambridge, 2001) for solid empirical evidence of this problem and how to avoid it.

While my observation is admittedly based on a biased sample from couples in a private psychological practice, it's probably true of the general population as well.