BIAS OF THE WEEK

Fear of missing out

Two groups were given the choice betwwen owning a mug or receiving money…

  • Participants were given the choice betwwen a mug or cash. They thought the mug was worth: $3.12
  • Participants were given a mug and then allowed to sell it. They thought the mug was worth: $7.12

We are afraid of missing ou on experiences and want to be constantly connected to what other are doing. 

See the full study here :

Przybylski, A. K., Murayama, K., DeHaan, C. R., & Gladwell, V. (2013). Motivational, emotional, and behavioral correlates of fear of missing out. Computers in human behavior29(4), 1841-1848.https://doi.org/10.1016/j.chb.2013.02.014

Want to know more about biases?

Automation Bias

Status Quo Bias

Blind Spot Bias

Barnum Effect