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What does OMISSION BIAS stand for?
What does OMISSION BIAS mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: OMISSION BIAS.
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What does OMISSION BIAS mean?
- Omission bias
- Omission bias is the tendency to favor an act of omission over one of commission. It can occur due to a number of processes, including psychological inertia, the perception of transaction costs, and a tendency to judge harmful actions as worse, or less moral, than equally harmful omissions (inactions). It is controversial as to whether omission bias is a cognitive bias or is often rational. The bias is often showcased through the trolley problem and has also been described as an explanation for the endowment effect and status quo bias.
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"OMISSION BIAS." Abbreviations.com. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.abbreviations.com/OMISSION%20BIAS>.
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