incorporate behavioural finance into their analysis of an investor’s portfolio. The use of behavioural finance concepts will create the following opportunities for HelloWallet. Availability Bias: People will be influenced more by what they can easily retrieve from memory. Availability bias is a human cognitive bias‚ which causes us to overestimate probabilities of events associated with memorable occurrences. A prime example of this would be plane crashes. Plane crashes are extremely rare; however
Premium Cognitive bias Investment
Crystal Green Dram 105 Dr. Rodda October 7‚ 2010 Sophocles’ Antigone Sophocles’ Antigone brings to life the underlying culture flaws in the Greek city-states by showing how the idea of filial piety and divine law undermine each other and were used as a means to justify the ends. Athenian citizens enjoyed a wide range of powers of self-governance: citizens elected military leaders and held judicial authority. Every male citizen enjoyed these rights. Women were not considered citizens; they were
Premium Sophocles Oedipus Oedipus at Colonus
What appears on the next page is a graph representing “aggregation bias” in data. Per Bakken’s report‚ he assumes that there are no differences between stand-alone retail properties (such as Walgreens) and strip-mall retail properties. He even uses a case study to “prove” that there are no differences in rents between strip and stand-alone retail properties. However‚ by looking at the graph on the next page‚ it is possible to find a stand-alone retail property (from Submarket B) that overlaps with
Premium Statistics Median Standard deviation
Hindsight bias: Hindsight bias is when you know something right after it happens and not while it is happening. Some people call it the I-knew-it-all-along phenomenon. This is where you watch a sports game and when the game is over‚ think to yourself that you knew they would loose‚ when in fact you were on the edge of your seat waiting to see how the game was going to end and if your team would win or not. (Myers‚ 2010‚ p.16.) I have had several instances where hindsight bias has
Premium 2007 singles Cognition Hindsight bias
confirmation bias can easily influence our perceptions and holding certain beliefs can also generate their own confirmation; regardless of the statistics‚ facts‚ or proof. Our preconception of our society‚ world‚ or even any given situation will greatly influence how we will interpret those things and situations or by the beliefs that we hold. Since most people tend to side with information that confirms how they may perceive a situation‚ a good example could be gun control and the bias that may arise
Premium Critical thinking Epistemology Availability heuristic
considered to be citizens. Unsurprisingly‚ this dynamic of male dominance extended into their theatre practice‚ in which men played all of the characters--even the female characters--and men composed the entire audience (Della Gatta). Remarkably then‚ Antigone and Lysistrata both feature strong and assertive titular heroines‚ despite the androcentric culture in which they were were conceived and performed. Rather than challenging the patriarchal organization of society‚ however‚ these plays reinforce the
Premium Gender Woman Ancient Greece
Detecting Media Bias Jeffrey E. Ferreiras University of Phoenix Critical and Creative Thinking 16 December 2012 Aimee Nichols When reading the media one must always consider that media may be bias‚ people may have incentives or hidden agendas and the facts may be conflicting. In order to properly evaluate and decide what information makes sense and what seems like a lie the audience should practice critical reading. A critical reader is able to separate fact from interpretation; to
Premium Taxation in the United States Critical thinking Mass media
Running head: Heuristics and Bias Heuristics and Bias Ebony J. Travis American Intercontinental University Professor Walter McCord Decision Making BUS300-0704A-03 October 27‚ 2007 Volvo: A Consumer’s Choice As an employee of It’s Electric‚ I have been delegated the assignment of picking a line of automobiles to use as company cars. On the grounds of economy and longevity‚ I am looking to purchase Volvo’s after some research on Consumer Reports. Through an exclusive fleet program
Premium Volvo Cars Cognitive bias Availability heuristic
is still portrayed in the gender roles and male pronouns being the default. An example of this is when Creon learns that someone was trying to bury Polynices body. Creon says‚ “And the man who dared to do this?” (line 209). Crean automatically assumes that the man committing the deed is male‚ indicating that women are not capable of taking action in the same way as men. Women are further portrayed as weak and helpless when Creon is talking about his discord with Antigone‚ “If we must lose‚ let’s lose
Premium Gender Epic of Gilgamesh Ishtar
Reformulating News Media Bias: A New Theoretical and Methodological Approach By Peter Brinson Allegations of media bias are nothing new in the United States. Though conservatives have been the most vocal in recent years‚ liberals have also been known to argue that the news media systematically presents information in a way that privileges the opposition’s viewpoint. This debate has been carried out in the popular press as well‚ with each side struggling to provide the definitive proof that the
Premium Mass media Media bias Concentration of media ownership