Heron ResearchBy devatable

Catalogue

Bias reference set

Each article is a standalone research note covering definition, drivers, triggers, diagnostics, cost profile, and corrective guidance. This set is not exhaustive; it reflects the 20 biases we have published so far.

Confirmation Bias

Selective validation of an existing thesis while discounting evidence that challenges it.

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Anchoring Bias

Initial reference points cling to valuations and trade plans even after conditions shift.

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Recency Bias

Recent price action receives outsized weight compared with longer-cycle evidence.

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Loss Aversion

Potential losses loom larger than equal gains, skewing exit timing and position bias.

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Overconfidence Bias

Conviction, timing skill, or insight are assumed superior to what historical hit rates justify.

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Herding Behaviour

Portfolio shifts mirror crowd flows instead of the investor's independent analysis.

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Disposition Effect

Gains are taken quickly while losses linger because emotions treat outcomes asymmetrically.

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Availability Bias

Probabilities get inferred from the most vivid or recent headlines instead of representative samples.

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Hindsight Bias

After outcomes settle, traders rewrite the narrative to make events appear obvious all along.

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Sunk-Cost Fallacy

Past spend or effort locks a trader into positions despite deteriorating odds.

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Self-Attribution Bias

Wins get credited to skill while setbacks are assigned to external factors.

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Representativeness Bias

Likelihoods are inferred from superficial resemblance to familiar stories instead of base rates.

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Mental Accounting

Capital is segmented into arbitrary buckets that distort risk sizing and evaluation.

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Framing Effect

Identical data can trigger opposite choices purely because of how it is worded or staged.

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Endowment Effect

Ownership alone inflates perceived value relative to identical assets not held.

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Gambler's Fallacy

Random sequences are expected to self-correct, as though past streaks influence future odds.

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Status Quo Bias

Default allocations persist simply because change feels costly or uncertain.

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Outcome Bias

Decisions are graded by results alone rather than by the quality of the process that produced them.

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Illusion of Control

Participants overrate their ability to steer outcomes in systems largely driven by noise.

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Survivorship Bias

Analysis samples only visible winners while ignoring the failures that disappeared.

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Bias operating table

Quick reference with operational definitions, triggers, diagnostics, and remediation lenses.

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