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probability Archives – Decision Fish: Decide For Yourself
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Decision Fish: Decide For YourselfWed, 09 Aug 2023 21:22:21 +0000en-US
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https://www.decisionfish.com/tag/probability/
3232100758046The Roots of Decision Making: Decision Trees
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Tue, 17 Jan 2017 10:59:00 +0000http://www.decisionfish.com/?p=1759I’ve learned (and re-learned) a lot from tutoring middle-schoolers in math at Top Honors.1 For example, if a math problem is too hard to solve in your head, I counsel my student to draw a picture. That’s one of the best features of decision trees: it allows you to draw a roadmap for complicated, multi-stage ... Read more
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1759Framing 1, Facts 0?
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https://www.decisionfish.com/framing-1-facts-0/#commentsTue, 22 Mar 2016 01:52:13 +0000http://decisionfish.com/?p=729When we make decisions, we often take the way they are presented to us at face value. Maybe a sales person offers you a menu of investment options or maybe a single recommendation; either way, you can bet a lot of thought went into the architecture of the choice presented to you. Amos Tversky and Daniel ... Read more
]]>https://www.decisionfish.com/framing-1-facts-0/feed/3729Bias Among Us: How to Influence Others & Ourselves
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Tue, 29 Sep 2015 12:43:28 +0000https://bwhysel.wordpress.com/?p=112A bias is an unconscious, natural and immediate prejudice or tendency to a particular action. Bias-driven decisions may or may not be consistent with that which may result from a more deliberative or thoughtful process. Biases can be harmful: think of prejudices in employment, housing and education. They can be helpful as when we slam on ... Read more