Omission Bias

in finance •  7 years ago 

Omission Bias
(reading time – 20 sec.)

The omission bias is the tendency to judge harmful actions as worse, or less moral than equally harmful omissions (inactions) because actions are more obvious than inactions.

A real-world example is when parents decide not to vaccinate their children because of the potential chance of death—even when the probability the vaccination will cause death is much less likely than death from the disease prevented

Topic: #CognitiveBiases
Source: Wikipedia

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