Psychology of Chance and Expectation Bias

Psychology of Chance and Expectation Bias Expectation bias is a psychological disposition where expectation influences the perceptions of outcomes. People usually interpret events in a manner that confirms their beliefs even when the evidence is weak or even in neutral ways. This prejudice contributes significantly to the manner in which chance and probability are perceived. […]

Probability awareness: Why the results are personal and not

Probability awareness: Why the results are personal and not It is easy to find statistical fallacies across the day to day decisions more frequently than one might expect. Most people may believe that they are making rational conclusions but their reasoning is influenced by misconstrued figures, incomplete information or mental shortcuts. Statistics are strong weapons, […]