Psychological Myopia: The Tendency to Think Short-Sightedly
Psychological myopia refers to the tendency in decision makers to focus on information immediately related to their judgment and to ignore other, less prominent, pieces of information.
consumer
The Endowment Effect: Why We Overrate the Value of Stuff
Selling and buying stuff at the second-hand market has become a trend. The possibility of saving loads of money is appealing to us. But too often, we are confronted with sellers, who we think overrate the value …