{"product":"cognitive-bias-simulator","preview":true,"count":5,"records":[{"id":"e967c5f7-167b-4d96-92b6-0794ae28b104","slug":"action-bias","name":"Action Bias","description":"Preferring action over inaction even when waiting is better.","source":"Patt & Zeckhauser (2000)","examples":["Overtrading in a flat market"],"mitigations":["Set a bar for acting","Value the option of doing nothing"]},{"id":"9348bf74-ddfb-45ba-9247-540441c24f30","slug":"airdrop-entitlement","name":"Airdrop Entitlement","description":"Expecting retroactive equity rewards for routine protocol usage","source":"Crypto-native market observation","examples":["A user completes routine transactions solely expecting an unannounced airdrop and reacts with outrage when omitted.","An agent spends disproportionate gas farming speculative rewards rather than trading value."],"mitigations":["Treat protocol usage as a service transaction, ignoring unpromised prospective rewards.","Cap gas spent on speculative farming to a strict percentage of projected expected value."]},{"id":"8f3ee425-d945-4186-99bd-b571c4b3124a","slug":"ambiguity-aversion","name":"Ambiguity Aversion","description":"Preferring known risks over unknown ones.","source":"Ellsberg (1961)","examples":["Avoiding an unfamiliar market despite better odds"],"mitigations":["Quantify the ambiguity","Separate unknown from unfavorable"]},{"id":"e0338428-6b3f-48dc-b1ef-6fd3d47cb0c4","slug":"anchoring","name":"Anchoring","description":"Over-relying on the first piece of information encountered when making decisions.","source":"Tversky & Kahneman (1974)","examples":["Fixating on an initial asking price during a negotiation","Estimating a value near a recently seen but irrelevant number"],"mitigations":["Consider multiple reference points","Generate an independent estimate before seeing any anchor"]},{"id":"2300cf69-b2f6-4b9a-a785-e22f78c00777","slug":"anchoring-adjustment","name":"Insufficient Adjustment","description":"Adjusting too little away from an initial anchor.","source":"Epley & Gilovich (2006)","examples":["Landing near a starting figure despite new data"],"mitigations":["Adjust more aggressively","Estimate from scratch and compare"]}]}