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hyperbolic discounting

the tendency for people to have a stronger preference for more immediate payoffs relative to later payoffs

ikea effect

the tendency for people to place a disproportionately high value on objects that they partially assembled themselves, regardless of the quality of the end result

illusion of control

the tendency to overestimate one's degree of influence over other external events

impact bias

the tendency to overestimate the length or the intensity of the impact of future feeling states

identifiable victim effect

the tendency to respond more strongly to a single identified person at risk than to a large group of people at risk

information bias

the tendency to seek information even when it cannot affect action

illusory truth effect

a tendency to believe that a statement is true if it is easier to process, or if it has been stated multiple times, regardless of its actual veracity

hard-easy effect

based on a specific level of task difficulty, the confidence in judgments is too conservative and not extreme enough

illusion of validity

belief that furtherly acquired information generates additional relevant data for predictions, even when it evidently does not

illusory correlation

inaccurately perceiving a relationship between two unrelated events

hindsight bias

sometimes called the "I-knew-it-all-along" effect, the tendency to see past events as being predictable at the time those events happened

hot-hand fallacy

the fallacious belief that a person who has experienced success with a random event has a greater chance of further success in additional attempts