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“High Oil Price Due To Demand”
Looking for a solid example of confirmation error? How about this one – “He blamed the rise in oil and global commodities prices on strong demand from fast-growing countries such as China, not on the...
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Basab Pradhan: Classic Confirmation Error
[Update] Well, the error was on our side – Basab confirms this was a joke. Missing Smiley Exception, Basab Confirmation Error Definition: “you look for instances that confirm your beliefs, your...
View ArticleWhy Google Missed The ‘Social’ Bus
An interesting video clip to watch: Sergey Brin, talking to UC Berkeley Class in October 2005: (skip to 16:25) “I think that tagging and semantics are great as long as the computers are doing the...
View ArticleSelling Apple Stock In Jan 2009
Confirmation Error Definition: “you look for instances that confirm your beliefs, your construction (or model) –and find them.” “The story on Apple is Jobs and his health. There were eight of us in all...
View Article‘Polarize People’
‘Polarize People’ is a statement that flies in the face of all the groupthink enthusiasts out there – and kicks kickstarter big time as well. This one is from Bill Gurley, via AVC. ‘You can’t make...
View ArticleDo Not Collect Nickels In Front Of Steamrollers
This is from The Black Swan – “People are often ashamed of losses, so they engage in strategies that produce very little volatility but contain the risk of a large loss—like collecting nickels in front...
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