Overview

Behavioural traps are behaviours that scientists have documented in humans which appear to run contrary to the theory of rational decision making.

Behavioural Traps

Common behavioural traps are listed below:

• Ambiguity Aversion
• Anchoring
• Availability Bias
• Confirmation Bias
• Decision Paralysis
• Emotional Decisions (Greed and Fear)
• Loss Aversion
• Myopia
• Narrow Framing
• Overconfidence
• Regret
• Social Proof
• Sunk Cost