Omission bias
Risk & psychologyFeeling losses from action more sharply than equivalent losses from inaction.
In plain terms
A decade in deposits never feels like a loss, which is why it goes uncorrected.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
Read the full lesson →