Back at my old stomping grounds, I used to write about the same topics that I currently write about at Baseball Prospectus, but when I wrote about a behavioral phenomenon that had particularly ...

Kenyan Diasporan blogger, Curious, discusses “the representative heuristic”. For example, the representative heuristic (Wikipedia) would be like this: “after a report in the media that, for example, ...

IMAGINE you meet someone in a suit, talking confidently about stocks. You might instantly think, “He must be good with money.” Why? Because he fits the image of a successful investor. That’s ...

When ordinary people make judgments or inferences, they do not operate like a logician or statistician might. They fail to use some of the relevant information, and they fail to ignore other ...