Answer:
1. Action bias
2. Fear of missing out (FOMO) and the bandwagon effect
3. Confirmation bias
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Answers & Comments
Answer:
1. Action bias
2. Fear of missing out (FOMO) and the bandwagon effect
3. Confirmation bias
Cognitive biases often lead us to irrational behaviours such as hoarding toilet paper.
Others may even make illogical decisions like ingesting fish tank cleaner containing chloroquine to prevent coronavirus infection.
People who act irrationally have been labelled as “covidiots”.