by Craig Marker | Dec 18, 2006 | Uncategorized
The processing of the world is conducted through many levels. In humans, the first level of information processing is done through the senses. The ‘raw information’ is then processed and forms our mental image of the world. Cognitive biases are known to...
by Craig Marker | Dec 17, 2006 | Uncategorized
The File Drawer Problem is a publication bias in which results that are significant are published more that results that are not statistically significant. That is, non-significant findings end up in the file drawer. The file drawer problem can come from many sources....
by Craig Marker | Dec 14, 2006 | Uncategorized
The conjunction fallacy is credited to the work of Amos Tversky and Daniel Kahneman. It is a mistake that people make when they assume that a specific condition is more likely than a more general one. A specific event will have many conjoined events, while a single...
by Craig Marker | Dec 13, 2006 | Uncategorized
In a study conducted by Tversky and Kahneman, participants were asked about the probability of a witness correctly identifying the right color of a cab that was in an accident. The participants were given the following information: A cab was involved in a hit and run...
by Craig Marker | Dec 12, 2006 | Uncategorized
Slate magazine has an interesting article on how George Mason University attracts undervalued prospects in their economics department and on their basketball team. Here is a quote that summarizes much of their article:“GMU lacks the resources and reputation to recruit...
by Craig Marker | Dec 11, 2006 | Uncategorized
Wikipedia, an online community encyclopedia, is getting some competition from the Urban Dictionary. I can’t find Hasselhoffing on Wikipedia, but I can find it on the Urban Dictionary (It is the act of changing a colleagues desktop wallpaper to the image of David...
