Berkson’s Paradox
A statistical phenomenon where two independent events appear to be correlated due to a selection bias.
A statistical phenomenon where two independent events appear to be correlated due to a selection bias.
A bias that occurs when the sample chosen for a study or survey is not representative of the population being studied, affecting the validity of the results.
The tendency for individuals to favor information that aligns with their existing beliefs and to avoid information that contradicts them.
A cognitive bias where people prefer a greater variety of options when making simultaneous choices compared to sequential choices.
Also known as "Maslow's Hammer," a cognitive bias where people rely too heavily on a familiar tool or method, often summarized as "if all you have is a hammer, everything looks like a nail.".
A decision-making rule where individuals choose the option with the highest perceived value based on the first good reason that comes to mind, ignoring other information.