What Is The False Consensus Effect In Behavioral Economics?

The false consensus effect is a phenomenon in which people have a tendency to overestimate the extent to which others share their beliefs, values, and attitudes. This can happen when people see their own beliefs and attitudes as being more normal or typical than they really are, and assume that others must hold the same views. For example, if you have a strong political opinion, you may assume that most people share your opinion, even if that is not the case. The false consensus effect can lead to misunderstandings and conflicts, as people may not realize that their beliefs are not as widely shared as they think. To avoid the false consensus effect, it is important to be aware of our own biases and to make an effort to consider the perspectives of others, even if they differ from our own.

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