This is a phenomena in statistics. If one sample collected is at an extreme, the next sample will generally be moderate.
Published on Jan 01, 2023
We tend to believe that large events have large causes. This might be true in many instances, but not always.
Published on Jan 01, 2023
We tend to see events as stories - with logical chains of cause and effect. We underestimate the role of randomness in the final outcome. We are meaning making machines - so we tend to assign meaning to things when actually it might be just random.
Published on Jan 01, 2023
This is a tool to surface elements of people that might not be known to themselves - but known to others. Its generally used to share feedback.
Published on Jan 01, 2023
People tend to ignore sample size of data. They forget that variation is more likely in smaller sample sizes. Also known as Law of Small Numbers.
Published on Jan 01, 2023
Tendency to transfer the good impression of a person/ company/ brand/ etc in one context to things they recommend in another context.
Published on Jan 01, 2023
The closer to the goal we are, the more motivated we are to do it.
Published on Jan 01, 2023