I believe many people don't recognize the far - reaching implications of their own actions (or lack there of), not out of narrow - mindedness, but out
of other biases (e.g., cultural, educational, conditional, etc.), which appear as authority bias.
While it is not possible to eliminate this bias entirely due to the use of non-probability (self - selection) sampling, the study has put in place multiple measures to help mitigate this risk and the risk
of other biases.
Yet the Buffetteers seem to only admire one tool for finding cheap stocks (size constraints), when myopia, ignorance, and a host
of other biases are just as powerful in creating misvalued securities.
They are likely to view any policies proposed as expressive
of other biases and interests.
Goodreads doesn't have people dropping one star on something just because they don't like the price it's selling for on the Kindle, or because the release date isn't what they want, or for any host
of other biased reasons.
Not exact matches
In a sense, what Silver is pointing out is similar to what we see in the rise
of so - called «fake news» that circulates through Facebook and
other social platforms — namely, a massive case
of confirmation
bias.
Or as the research team puts it: «On the
other hand, the
bias may very well decrease the frequency
of analytical reasoning by making it easy and commonplace for people to reach analytical response without engaging analytical processing.»
In practical business terms, if I quickly establish myself as credible through just a few good decisions in a row, a few good first impressions, or any
other set
of positive interactions, I am establishing positive confirmation
bias.
Because even though the automobile, the airplane, the artificial heart, and a whole lot
of other important products were invented far from the coasts, the
bias against Middle America persists.
We must continue to foster an ecosystem where founders
of any gender
of startups and established companies alike can confront unconscious
bias, develop the skills necessary to navigate and disarm the
biases of others and become the role models necessary to dismantle systemic
bias.
Carson and Leno played it straighter, but their tolerant - centrist orientation (sympathetic to gays and
other minorities, scornful
of the religious right) struck some conservatives as liberal
bias.
Kids, like the rest
of us, fall prey to this cognitive
bias, which causes people to blame
other people's bad actions on their horrible character and our own on circumstances beyond our control.
While she started her research last year, gender
bias has long been a topic
of debate at Facebook and
other Silicon Valley tech giants.
In another one
of our working papers, which links our result to various probability puzzles and statistical
biases, we found that the simplest version
of our problem is nearly equivalent to the famous Monty Hall problem, which stumped the eminent mathematician Paul Erdős and many
other smart people.
These and
other studies reveal the prevalence
of what's called implicit
bias, a scenario in which people screening resumes don't realize they are stereotyping non-white and non-male job candidates as less qualified.
The crux
of the act is simply this: illegal wage
bias (based on race, religion, sex, national origin, age, or disability) occurs «when a discriminatory compensation decision or
other practice is adopted, when a person becomes subject to a discriminatory compensation decision or
other practice, or when a person is affected by application
of a discriminatory compensation decision or
other practice, including each time wages, benefits, or
other compensation is paid, resulting in whole or in part from such a decision or
other practice.»
This
bias was demonstrated in an experiment at Stanford University in which a group
of students was asked to guess the songs tapped by
others on a table.
I encourage entrepreneurs and
other readers to explore the many cognitive
biases that affect their lives in various ways, and find effective tools to mitigate the negative effects
of those
biases.
It's a harder problem to solve - you can always improve the quality
of information you spread, but it's harder to come up with a mathematical algorithm that sorts data that doesn't have some kind
of bias, one way or the
other.
Since Help Scout is a help desk, it would be foolish to claim that I'm approaching this without a slight brush
of bias, but I promise you my stance comes from experience; specifically, seeing new founders suggest to
other new founders why they think a convoluted system
of Gmail filters is «okay for now.»
The California Department
of Fair Employment and Housing announced Thursday that it had reached a voluntary agreement with Airbnb to monitor whether some hosts on the platform act with racial or
other forms
of bias when choosing guests.
During the voir dire process the potential jurors come in and they're asked a series
of questions by the parties and by the judge to determine whether each potential juror can be completely unbiased and impartial and objective, to make sure they're not
biased towards one party or the
other.
The written feedback means that one person's strong opinions will not
bias the ideas
of others.
You can't add another layer on top
of that
of worrying about
other people's
biases.
In a nutshell, because it has given more ammunition to supporters
of Donald Trump and
other right - wing gun advocates who argue that the media is
biased against their cause and uses tricks to discredit them.
Lateralisation
of limb use — that is, a
bias towards one side or the
other — usually begins in the brain.
Tom DiFilipo, president and CEO
of the Joint Council on International Children's Services, said UNICEF and
other institutions in the international aid community have a definite «
bias» against international adoptions.
When the interests
of successive layers
of management are «aligned» in this manner, the corporation may become so
biased toward the narrow interests
of its current shareholders that it fails to meet the requirements
of its customers or
other constituencies.
This is true anywhere in the world, but if you move to downtown Vegas and bring with you the entrepreneurial qualities
of resiliency, resourcefulness, and optimism, you're much more likely to form a strong network
of true friendships with people who have a
bias for building new relationships, looking out for each
other, and helping each
other out.
The
other problem that he argues is exacerbated by mass surveillance ad - targeting online business models is filter bubbles — aka the strategy
of platforms using people's own
biases as a tactic to keep them clicking by reductively feeding them more
of the same stuff.
Marlene Williamson, CEO
of Watermark, a Silicon Valley organization dedicated to women in leadership, said not only will Kalanick's resignation help Uber get back on track — his departure will have ramifications for
other Bay Area tech companies struggling with their own issues
of gender
bias and sexual harassment.
The private listing data in San Francisco is not as obviously skewed as some
of the
other cities we analyzed, but the maps above still show a
bias toward zip codes in and around the more costly downtown area
of the city.
Familiarity tends to produce a
bias in people's evaluations
of products and
other people.
Still, bogus content on Facebook is arguably a symptom
of a bigger problem — the «filter bubbles» created by blogs, social media, and
other distribution platforms that help people consume only information that appeals to their existing
biases and opinions.
«There are a great many Americans who I think are deeply concerned that Facebook and
other tech companies are engaged in a pervasive pattern
of bias and political censorship,» said Sen. Ted Cruz, R - Texas.
The result is that growth
of «
other exports» is artificially boosted, whereas growth rates for exports
of metals and total resources are
biased downwards.
Cruz said there are a «great many Americans who I think are deeply concerned that Facebook and
other tech companies are engaged in a pervasive pattern
of bias and political censorship.»
The Digital Currency Space includes a vast array
of digital currencies competing against each
other and being too
biased on Bitcoin is not a community for Digital Currency enthusiasts.
In their March 2018 paper entitled «Self - Attribution
Bias and Overconfidence Among Nonprofessional Traders», Daniel Czaja and Florian Röder employ data from a large European social trading platform to examine: (1) how self - enhancement (attributing successes to self) and self - protection (attributing failures to external factors) components
of self - attribution
bias affect non-professional trading performance; and, (2) how social trading platforms transfer any such effects to
other non-professional traders.
I am immune to the contagions
of other's moods,
biases, and desires.
In
other words, notable public discontent away from coastal regions need to be factored into investors» macro outlook, and if significant number
of individuals consider a $ 400 emergency expenditure «more challenging to handle,» then investors should be
biased to position portfolios more defensively (i.e. in curve steepeners).
Many debate if it's a problem
of bias, pipeline, or
other factors, but what we know for sure is the current state isn't good enough for the industry or Costanoa.»
To use smart algorithms responsibly, companies — particularly financial services firms — must identify potential problems early and have a well - conceived plan for addressing and removing unintended
bias before it leads to discrimination in their lending practices, as well as potential discriminatory
biases that may reach beyond lending and affect
other aspects
of a company's operations.
GFI aims for diversity in their hires primarily through hiring practices that are intended to help them minimize the effects
of bias, such as encouraging staff to score applications anonymously, using generalized ability tests, and meeting applicants only late in the process.88 While they've hired many women, including in seven
of nine director roles, they find that their team is lacking in diversity in
other ways, and they've met with Encompass to discuss further steps they can take to develop their diversity strategy.89 One staff member we spoke to mentioned that they hoped GFI would be able to begin paying interns, which might help diversify their team by broadening the pool
of potential interns who could afford to take a position with GFI.90, 91
The combination
of fear, social proof [
other investors are selling], loss aversion [we feel losses twice as much as gains] and recency
bias [we overweigh what has happened recently and underweigh or ignore the long term evidence] counteract the average investors attempt to make a rational decision.
Neither light reading nor cheap (it's hard to find online for less than about $ 75), this book is the most thoughtful and objective analysis
of the long - term returns on stocks, bonds, cash and inflation available anywhere, purged
of the pom - pom waving and statistical
biases that contaminate
other books on the subject.
There is evidence
of non-response
bias for
other ethnocultural variables (e.g., Filipino population group could be overestimated in the NHS).
It is true that people often believe things for bad reasons — self - deception, wishful thinking, and a wide variety
of other cognitive
biases really do cloud our thinking — but bad reasons only tend to work when they are unrecognized.
Can you see why equality under the law and equal rights for everyone means throwing out the
bias of religion, as none
of them agree with the
others on anything.
Okay, here goes: You are engaging in a perceptual
bias, a fallacious bit
of reasoning, and you have no reasonable argument as to thinking some
other species» mental idiocy to be significant in any way whatsoever beyond the mere biological curiosity
of their neurological problems specific to them.