Survivorship Bias

An eBay seller claims that his products are rated 5 stars in reviews. He is a seller of parachutes. Survivorship bias is the logical error of concentrating on the people or thing that made it past some selection process and overlooking those that did not, typically because of their lack of visibility. Examples: Cats who … Continue reading Survivorship Bias

Horoscope and Taro and accuracy

The Barum effect (Forer effect) is a common psychological phenomenon whereby individuals give high accuracy rating to descriptions of their personality that supposedly are tailored specifically to them but that are, in fact, vague and general enough to apply to a wide range of people. You have a great need for other people to like … Continue reading Horoscope and Taro and accuracy