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Timeline of cognitive biases

1,121 bytes added, 10:36, 7 April 2020
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| 1979 || || "In 1979, professor of psychology and author Charles G. Lord sought answers[1] as to whether we might overcome the {{w|Bacon principle}}, or whether humans are always held hostage to their initial beliefs even in the face of compelling and contradictory evidence."
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| 1985 || || The {{w|disposition effect}} anomaly is identified and named by Hersh Shefrin and Meir Statman. In their study, Shefrin and Statman note that "people dislike incurring losses much more than they enjoy making gains, and people are willing to gamble in the domain of losses." Consequently, "investors will hold onto stocks that have lost value...and will be eager to sell stocks that have risen in value." The researchers coined the term "disposition effect" to describe this tendency of holding on to losing stocks too long and to sell off well-performing stocks too readily. Shefrin colloquially described this as a "predisposition toward get-evenitis." John R. Nofsinger has called this sort of investment behavior as a product of the desire to avoid regret and seek pride.<ref name="Behavioural Finance">{{cite web|title=Disposition Effect|url=http://disposition-effect.behaviouralfinance.net/|website=Behavioural Finance|accessdate=11 January 2017|url-status=live|archiveurl=https://web.archive.org/web/20170324030730/http://disposition-effect.behaviouralfinance.net/|archivedate=24 March 2017}}</ref>
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| 1989 || || The term "{{w|curse of knowledge}}" is coined in a ''{{w|Journal of Political Economy}}'' article by economists {{w|Colin Camerer}}, {{w|George Loewenstein}}, and Martin Weber.
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