Certainty Effect
A cognitive bias where people give greater weight to outcomes that are certain compared to those that are merely probable.
14 topics found for
“statistical assessment”
Regressive Bias
A cognitive bias where individuals overestimate the likelihood of extreme events regressing to the mean.
Between Subjects Design
An experimental design where different groups of participants are exposed to different conditions, allowing for comparison between groups.
Representativeness
Representativeness is a heuristic in decision-making where individuals judge the probability of an event based on how much it resembles a typical case.
Train/Test
A method of splitting a dataset into two subsets: one for training a model and another for testing its performance.