Confirmation bias: This is when individuals actively seek out information that confirms their pre-existing beliefs or expectations while ignoring contradictory evidence.
Availability heuristic: This cognitive shortcut leads people to rely on immediate examples or instances that come to mind easily when making judgments or decisions.
Gambler's fallacy: This is the mistaken belief that if something happens more frequently than usual during a period, it will happen less frequently in the future (and vice versa).