The Disproportional Power of Anecdotes
Anecdotes tend to not be statistically significant, but their added emotional significance leads us to place additional weight on them. *** Humans, it seems, have an innate tendency to overgeneralize …
Insensitivity to Sample Size
Promoting People In Organizations
In their 1978 paper Performance Sampling in Social Matches, researchers March and March discussed the implications of performance sampling for understanding careers in organizations. They came to some …
Predicting the Improbable
One natural human bias is that we tend to draw strong conclusions based on few observations. This bias, misconceptions of chance, shows itself in many ways including the gambler and hot hand …
Choice Under Uncertainty
We use heuristics – rules of thumb – to make judgments. These can lead to certain predictable biases. These can lead to certain predictable biases. For instance, we classify situations …