In Simple Terms The Dunning-Kruger effect is a cognitive bias where people who know very little about a subject tend to overestimate how skilled or knowledgeable they actually are. It is worth noting that none of us are immune to this trap, the Dunning-Kruger can affect anyone, regardless of intelligence
In Simple Terms Illich's Law states that beyond a certain threshold of time spent on a given task, efficiency begins to decline and continued effort ultimately becomes counterproductive.
In Simple Terms The Barnum effect, also known as the Forer effect, is a psychological phenomenon in which people rate vague, broadly applicable personality descriptions as highly accurate. This effect helps explain, at least in part, why paranormal beliefs and practices such as astrology or fortune telling enjoy such widespread
In Simple Terms The toupee fallacy is a cognitive bias in which individuals judge an entire category as low quality, poorly made or unreliable, simply because they only notice the failed examples, while the successful ones go undetected.
In Simple Terms The Baader-Meinhof Phenomenon, also known as the frequency illusion, is the experience where something you have just learned about or noticed for the first time suddenly seems to appear everywhere around you.
In Simple Terms Sunk Cost Fallacy is the phenomenon in which a person persists with a failing strategy or course of action, not because it remains effective, but because they have already invested significant time, money and energy in it. Even when abandoning it would clearly yield better outcomes.
In Simple Terms Diminishing Marginal Utility is a concept that describes how the satisfaction or utility you get from consuming something decreases as you consume more of it.
Affective Forecasting in Simple Terms Affective forecasting refers to the process of predicting one's emotional responses to a future event. How good or bad it will make us feel and for how long. We are surprisingly bad at this.