Category Archives: Probability/Statistics

“If I Can Imagine It, It Must Be Likely” – The Availability Heurisitic

We live in a world filled with news stories about frightening tragedies and potential risks. In just the past six months, we had a horrifying school shooting and a sickening bombing at a marathon. We’ve been threatened by a rogue regime with nuclear… Read more

Posted in Business Continuity, Cognitive Bias, Probability/Statistics, Psychology, Risk | Comments Off on “If I Can Imagine It, It Must Be Likely” – The Availability Heurisitic

The Boston Marathon Tragedy – Standing Strong In The Face of Terrorism

The barrage of tragic images continues to haunt us. The horrible pictures and video show people’s lives painfully altered in a split second. The sickening accounts pour forward from eyewitnesses and trauma surgeons. The stark and depressing shots of… Read more

Posted in History, Personal Growth, Probability/Statistics, Psychology, Risk | 17 Comments

That’s Just Not Normal – Power Laws

Most people are familiar with the idea of a bell curve. This statistical concept describes a distribution of outcomes of commonly observed processes and natural phenomena. A classic example of this idea is seen in the normal distribution of the… Read more

Posted in History of Science, Probability/Statistics, Risk | 1 Comment

Is All Research Created Equally?

Professionals are constantly looking to grow intellectually, and learn new ideas to add to their mental toolkit. One of the ways to do this is by reading the current research that is ┬ápertinent to their field. ┬áThe research could be an MBA-style… Read more

Posted in Cognitive Bias, General Management, Personal Growth, Probability/Statistics | 5 Comments

Size Does Matter After All

In a recent post, I blogged about the limits of scientific research. I looked at various errors that researchers committed that impacted the accuracy or relevance of studies and experiments. While these errors in fact occur, even in studies reported… Read more

Posted in Cognitive Bias, General Management, Organization, Probability/Statistics, Psychology | Comments Off on Size Does Matter After All