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How To Make A Bad Decision - Freakonomics Radio (podcast) - 0 views

player.fm/...how-to-make-a-bad-decision

sport aei economics independent-events probability cognitive-bias podcast fallacies

shared by Simon Knight on 22 Dec 16 - No Cached

Simon Knight on 22 Dec 16

Why probability and understanding statistical fallacies matters Some of our most important decisions are shaped by something as random as the order in which we make them. The gambler's fallacy, as it's known, affects loan officers, federal judges -- and probably you too. How to avoid it? The first step is to admit just how fallible we all are.

<div class="cArrow"> </div><div class="cContentInner">Why probability and understanding statistical fallacies matters Some of our most important decisions are shaped by something as random as the order in which we make them. The gambler's fallacy, as it's known, affects loan officers, federal judges -- and probably you too. How to avoid it? The first step is to admit just how fallible we all are.</div>

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