Tag: decision making
Survivorship Bias: Lessons From World War II
Survivorship bias is the mistake of focusing only on success stories while ignoring the hidden failures. A famous World War II example highlights how statisticians realised that planes with certain damage were the ones able to return, while those hit elsewhere never made it back. This insight reveals how easy it is to misunderstand incomplete…
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Heisenberg Uncertainty Principle
I had heard of the Heisenberg Uncertainty Principle – in essence by introducing tools to measure a situation, we can affect the situation itself. Then an article appeared on the BBC website. Excellent stuff, all about making decisions, and a recommended read. If you want the heavy science follow this link Heisenberg Uncertainty Principle on…
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