We all have the habit of trying to guess the killer in a movie before the big reveal. That’s us making inferences. It’s what happens when your brain connects the dots without being told everything ...
Decision making often requires simultaneously learning about and combining evidence from various sources of information. However, when making inferences from these sources, humans show systematic ...
Many theories and tools abound to aid leaders in decision-making. This is because we often find ourselves caught between two perceived poles: following gut instincts or adopting a data-driven approach ...
Abstract: Assumptions play a pivotal role in the selection and efficacy of statistical models, as unmet assumptions can lead to flawed conclusions and impact decision-making. In both traditional ...