BIAS OF THE WEEK

Ostrich Effect

Participants looked up their investments 50-80% less often when the markets were bad

We avoid information we know will be negative

See the full study here :

Karlsson, N., Loewenstein, G. & Seppi, D. The ostrich effect: Selective attention to information. J Risk Uncertain 38, 95–115 (2009). https://doi.org/10.1007/s11166-009-9060-6

Want to know more about biases?

Negavity Bias

Goal Gradient Effect

Identifiable Victim Bias

Just-World Hypothesis