Well Traveled Road Effect: estimating route times... - Deepstash

Well Traveled Road Effect: estimating route times differently because you are unfamiliar with the route. Routes traveled more often seem to take less time than new routes.

Mental Accounting: we put a value on something we have earned that is based on how we earned it, for example, did we have to work hard for it?

Appeal to Probability Fallacy / Murphy’s Law: we assume that if there is a chance of something happening that it will actually happen.

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prince_rahul

"A good idea should be like a girl's skirt; long enough to cover the subject and short enough to create interest."

A cognitive bias is a systematic error in thinking that occurs when people are processing and interpreting information in the world around them and affects the decisions and judgments that they make. Can be used in Marketing ...

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Probability Distributions

In data science, probability is the percent chance that something will happen. A zero(0) in this case means the event will not occur, while the digit 1 denotes that we are certain it will happen.

Expecting miracles and disasters

Expecting miracles and disasters

Mathematician John Littlewood explained the presence of miracles through statistics. Littlewood's Law says we can expect a miracle every month. On the flip side, we can expect a disaster also as often.

We're currently experiencing a series of sequencing risk more often tha...

7 Things You Need To Understand About Anxiety And Depression

No, we are not over yet. After discussing the topic with my friend’s Dad (he is a doctor), I’ve made a list of things you need to understand and avoid anxiety attacks (hard to breathe moments).

  1. Think of your anxiety as a biological problem, rather than thinking there is something wron...

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