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Lawrence Hrubes

BBC News - Astrologers look to the stars to help Indian businesses - 4 views

www.bbc.com/...business-25971921

TOK astrology business culture India faith religion religious knowledge systems

shared by Lawrence Hrubes on 11 Mar 14 - No Cached
  • It is another busy day for Abhishek Dhawan in Delhi. His phone has not stopped ringing and he has a series of business meetings. Many of his business clients want to know when is the best time to release their products. Abhishek has been studying a number of factors and charts to try to help them. But he is not a marketing guru or an economist - he is an astrologer and he uses the position of the stars and the planets as a guide to help businesses maximise their profits.
  • When I ask Abhishek what his success rate is, he answers immediately. "Eighty per cent - this is like a science and when we make mistakes it is because people do not provide us with the correct information."
markfrankel18

Gamblers, Scientists and the Mysterious Hot Hand - The New York Times - 0 views

www.nytimes.com/...d-the-mysterious-hot-hand.html

TOK bias science psychology

shared by markfrankel18 on 18 Oct 15 - No Cached
  • The opposite of that is the hot-hand fallacy — the belief that winning streaks, whether in basketball or coin tossing, have a tendency to continue, as if propelled by their own momentum. Both misconceptions are reflections of the brain’s wired-in rejection of the power that randomness holds over our lives. Look deep enough, we instinctively believe, and we may uncover a hidden order.
  • A working paper published this summer has caused a stir by proposing that a classic body of research disproving the existence of the hot hand in basketball is flawed by a subtle misperception about randomness. If the analysis is correct, the possibility remains that the hot hand is real.
  • Taken to extremes, seeing connections that don’t exist can be a symptom of a psychiatric condition called apophenia. In less pathological forms, the brain’s hunger for pattern gives rise to superstitions (astrology, numerology) and is a driving factor in what has been called a replication crisis in science — a growing number of papers that cannot be confirmed by other laboratories.
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