McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
27 topics found for
“observability tools”
BDD
Behavior-Driven Development (BDD) is a software development approach where applications are specified and designed by describing their behavior.
80/20 Rule
A principle stating that 80% of effects come from 20% of causes, often used to prioritize tasks and identify key areas of focus.
Zero Price Effect
A phenomenon where people perceive an item as more valuable when it is free, leading to an increased likelihood of choosing the free item over a discounted one.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values.
Social Proof
A psychological phenomenon where people follow the actions of others in an attempt to reflect correct behavior for a given situation.
Scaling Fallacy
A cognitive bias where people underestimate the complexity and challenges involved in scaling systems, processes, or businesses.
Normal Data Distribution
A symmetrical, bell-shaped distribution of data where most observations cluster around the mean.
Multiple Regression
A statistical technique that uses several explanatory variables to predict the outcome of a response variable, extending simple linear regression to include multiple input variables.