 Pseudocertainty effect

The Pseudocertainty effect is a cognitive bias observed in decision-making, which refers to the tendency for individuals to perceive a decision or outcome as more certain than it actually is when presented in a specific context. This phenomenon often emerges in situations involving risk and uncertainty, particularly when people evaluate potential gains and losses. The effect highlights how people tend to overweigh outcomes that are perceived as certain (even when they are not truly certain) and may lead to suboptimal decision-making.