Behavioral Economics. -From a non-Econ perspective-

1. Sunk Cost Fallacy -Or what I call : Stop pushing things-

2. Endowment effect

3. Confirmation Bias

Half of the participants were in favor of capital punishment, and the other half were opposed to it. Both groups read details of the same two fictional studies. Half of the participants were told that one study supported the deterrent effect of capital punishment and the other study opposed it. The other participants read the inverse information. At the conclusion of the study, the majority of participants stuck to their original views, pointing to the data that supported it and discarding that which did not.

  • Update 0 : Endowment effect
  • Update 1 : Confirmation Bias

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