Sublime

Adam Appich, master of science, is there with several studies that show how legacy cognitive blindness will forever prevent people from acting in their own best interests.

This article shows that people rely on a limited number of heuristic principles which reduce the complex tasks of assessing probabilities and predicting values to simpler judgmental operations.

Statistics is not about ensuring 100% accuracy—instead it’s more about risk management.

In most of our decisions, we are not betting against another person. Rather, we are betting against all the future versions of ourselves that we are not choosing.

Sometimes our gut, when not guided by careful computer analysis, can be dead wrong. We can get blinded by our own experiences and prejudices.

Einstellung effect, a psychology term for the tendency of problem solvers to employ only familiar methods even if better ones are available.

Another set of truisms applies to our risk assessment. We habitually underestimate voluntary, familiar risks while we repeatedly exaggerate involuntary, unfamiliar exposures. We constantly overestimate the risks stemming from recent shocking experiences and underestimate the risk of events once they recede in our collective and institutional

100 Common Senses in Statistics and Freak Statistics, that are designed to help the nonstatistician understand and be more “literate” with statistical information.