The Hindsight Bias

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    Art of Thinking Clearly by Rolf Dobelli

    VISIT CEMETERIES: Survivorship Bias 2 DOES HARVARD MAKE YOU SMARTER?: Swimmer’s Body Illusion 3 WHY YOU SEE SHAPES IN THE CLOUDS: Clustering Illusion 4 IF 50 MILLION PEOPLE SAY SOMETHING FOOLISH, IT IS STILL FOOLISH: Social Proof 5 WHY YOU SHOULD FORGET THE PAST: Sunk Cost Fallacy 6 DON’T ACCEPT FREE DRINKS: Reciprocity 7 BEWARE THE ‘SPECIAL CASE’: Confirmation Bias (Part 1) 8 MURDER YOUR DARLINGS: Confirmation Bias (Part 2) 9 DON’T BOW TO AUTHORITY: Authority Bias 10 LEAVE YOUR SUPERMODEL FRIENDS

    Words: 75018 - Pages: 301

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    Choosing Your Battles

    group? How can managers bring unspoken conflicts into the open without making them worse? Discussing contentious or controversial topics tend to make people feel awkward talking about it. However, without confronting the stereotypes and personal bias, these unresolved conflicts tend to worsen the situation. Dealing with controversial issues in a constructive manner enables a manager to create a collaborative team environment. As people get comfortable and develop open interpersonal relationships

    Words: 1410 - Pages: 6

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    Sciece!

    However, they seemed stronger with scientific support, even if the scientific support was weak enough that it was eventually proven to be untrue. Considering this, why were these “scientific” conclusions seen as objective when, with the benefit of hindsight, it is clear that they were not? Additionally, why did the supporters of these ideologies want to use science as support? If science were seen as merely a collection of useless knowledge, it would not have been relied upon in the way that it was

    Words: 4512 - Pages: 19

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    Decision Making in Organization

    INTRODUCTION Company profile NS Plastic & Metal Trading Sdn Bhd (933699-P) is a locally incorporated company under the companies act 1965 section 16(4) of the Malaysian Law. NS Plastic & Metal Trading Sdn Bhd (933699-P) was established in 24th February 2011 but NS Plastic & Metal Trading (001317810-P) was established in 2nd of October 2001 in response to high growing demand for recycling industry needs and the wholesale market for industrial waste products. They have developed strategic

    Words: 8459 - Pages: 34

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    Cfal3

    LEVEL III Question: Topic: Minutes: 1 Individual PM (IPS and Human Capital) 27 Reading References: Level III, Volume 2, Study Session 4, Reading 10 “Managing Individual Investor Portfolios,” Ch. 2, James W. Bronson, CFA, Matthew H. Scanlan, CFA, and Jan R. Squires, CFA, Managing Investment Portfolios: A Dynamic Process, Third Edition (CFA Institute, 2007). Level III, Volume 2, Study Session 4, Reading 14 “Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance,” Roger G. Ibbotson

    Words: 9813 - Pages: 40

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    Dfa Conference Paper

    Building Global Portfolios Apollo D. Lupescu, PhD, Vice President This information is provided for registered investment advisors and institutional investors, and is not intended for public use. Dimensional Fund Advisors is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read

    Words: 1776 - Pages: 8

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    Behavioural Finance

    A Behavioural Finance view of the Deepwater Horizon Disaster of 2010 INTRODUCTION The Deepwater Horizon disaster of 2010 was the largest accidental marine oil spill the oil industry has ever seen. It claimed 11 lives and caused huge environmental damage on the shoreline of the Gulf of Mexico by discharging circa 4.9 million barrels of oil. There have been numerous enquiries and studies into the accident to try to understand what happened, the goal of the enquiries was to establish where the fault

    Words: 3129 - Pages: 13

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    Addiction

    MODELS OF ADDICTIVE BEHAVIOUR To read up on models of addictive behaviour, refer to pages 609–618 of Eysenck’s A2 Level Psychology. Ask yourself * Is there a biological basis to addictive behaviour? * Can somebody learn to be an addict? * How might explanations of addiction differ for different addictions? What you need to know MODELS OF ADDICTIVE BEHAVIOUR | EXPLANATIONS OF ADDICTIVE BEHAVIOUR | * Biological, behavioural (learning), and cognitive models of addictive

    Words: 2488 - Pages: 10

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    Qdc1 Strudy Guide

    QDC1 Study Questions Quality Management: Ch. 9-10, Operations Management Click for Skillsoft Module: The Who, What and Why of ISO 9000:2000 Click for Skillsoft Module: Six Sigma: Reducing Variation to Improve Quality List the types of graphical charts used in operations management. Flowchart, Check Sheet, Histogram, Pareto Chart, scatter diagrams, control charts, run charts, cause and effect diagrams Which charts are important in statistical process control (SPC)? Control Charts

    Words: 3291 - Pages: 14

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    Atc Pitchbook

    under management ABRAHAM TRADING COMPANY PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS WWW.ABRAHAMTRADING.COM 2 ABRAHAM TRADING COMPANY  19.86% Annualized Rate of Return since 1988. PERFORMANCE  No long or short bias,

    Words: 2988 - Pages: 12

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