Cognitive and data biases: the Confiramtion Bias

“if you torture the data long enough, it will confess to anything”. Ronald H. Coase, British Economist When working with a big dataset it’s easy to fall into the confirmation bias. We are looking for some insights, and usually what happens is that even before looking at the data we […]

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Cognitive Bias – Survivorship Bias – Part 2

In Turin there is an ancient church named Santuario della Consolata (its full name is “Chiesa di Santa Maria della Consolazione”), it’s origin dates back to the XVII century. The interior is very rich, with gold inlays everywhere on the walls and arches, and wonderful frescoes surrounded by pink carrara […]

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