Other Debiasing Strategies

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People have sought to elicit preferred or optimal behavior in many ways and in certain, specific circumstances. These additional debiases strategies have included: Paying people for optimal behavior through bonuses or by providing discounts (e.g., to exercise, to take their … Continued

framing Effect

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Framing effect, the tendency to react to how information is framed, beyond its factual content. For example, choosing no surgery when told it has a 10% failure rate, where one would have opted for surgery if told it has a … Continued

Anchoring bias

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Anchoring bias, the tendency to produce an estimate near a cue amount that may or may not have been intentionally offered. For example, producing a quote based on a manager’s preferences, or, negotiating a house purchase price from the starting … Continued