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In terms of behavioral economics, the Fed policymakers succumbed to the "representative heuristic" — the tendency to assume that the future will look like the past.
In terms of behavioral economics, the Fed policymakers succumbed to the "representative heuristic"—the tendency to assume that the future will look like the past.
Measuring whether people believe others should be difficult to do accurately, because simply asking the question disrupts the tendency to assume that other people are telling the truth.
She and her colleagues provided three groups — neuroscientists, neuroscience students, and ordinary adults — with explanations for common psychological phenomena (such as the tendency to assume that other people know the same things we do).
But the tendency to assume that the technology knows what it is doing applies just as much to bureaucracy as it does to pilots. Bradford city council initially dismissed Hankins's complaint, admitting its error only when he threatened them with the inconvenience of a court case.
Every thinking member of every high civilization — Egyptian, Greek, Hindu, medieval Christian, etc. — probably has or had the tendency to assume that he or she is on the right track philosophically and morally, that all predecessors were mistaken or at best insufficiently enlightened about morality, and further, that all future moralists are likely to be decadent.
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Professor Philip Bobbit from the University of Texas has even given a name to the human tendency to assume the present situation will remain the same.
This Buddhist view of the impermanence of all phenomena works against the natural tendency to assume that knowledge and experience are attributable to a self that is permanent, stable, and unchanging.
He notes the resentment of black activists at the white volunteers' tendency to assume leadership and notes the tensions within SNCC.
And, to further complicate predictions, we have the herd's tendency to assume Company X will make all the mistakes while its competitors will play a perfect game.
It was a hard time and a few things hit home, namely the huge impact that financial services can have on people's lives and the industry's tendency to assume that people fully understand our products.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com