Cognitive Bias

Halo Effect
The Halo Effect refers to the cognitive bias where an observer's overall impression of a person influences their feelings and thoughts about that person's specific traits or abilities.
In the Tank
A term used to describe a lack of objectivity, where individuals have a tendency to analyze events based on their own personal experiences, whether positive or negative.
Optimism Bias
A cognitive bias that leads individuals to be overly optimistic about the outcomes of their actions, frequently resulting in underestimation of risks, costs, and duration, while overestimating benefits.

Accounting Terms Lexicon

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