Cognitive bias

Alternative blindness

Also known as: Ignoring opportunity cost
Occasional#124 of 131 by how common ← All cognitive biases
Dobelli #71

What it is

Judging an option on its own merits without asking "compared to what?", so a mediocre choice looks fine because the better alternatives never come into view.

Example Keeping a so-so job without comparing it with the other offers you could pursue.

Related

Appears in

References

More in “Memory: what we keep and how we rewrite it”