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
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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
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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
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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
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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
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Overcoming Bias and Prejudice: Becoming Self-Aware My name is Sean Lamar Hellems. I turned 24 on October 14. I was born in 1992 to John Hellems‚ Sr. & Natalie-Jean Craft in Bridgeton‚ Missouri—a suburb of Saint Louis. Unfortunately‚ my mother struggled with drugs and alcohol. After acting irresponsibly‚ she was hit by a truck and killed when I was two years old. In 1994‚ my father married Raygenea Williams. That same year‚ we left Saint Louis in an old abandoned mail-truck. We moved 100 miles north
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Detecting Media Bias Everyone has their opinion. How much opinion should be allowed when it comes to the news? Is it possible to see a reporter’s bias when they report the events happening in our towns‚ states‚ country‚ or the world? This is when the reader‚ listener‚ or viewer needs to follow specific tips to understand the information at hand. The public has the ability to differentiate between facts and impressions. Recently‚ there was an article online about a bill that has stumbled in
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Bias in writing Writing has many goals. Those goals can be to inform or persuade the reader. The key here is to be objective. Complete objectivity is not possible because bias is inevitable. Bias is when a person prefers an idea and he or she does not give an equal chance to another idea. By not giving the opposing idea a chance‚ the topic is being clouded. Bias can occur when certain language or stereotyping or one sided opinions are used to convey a message to the reader. The reader would get
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something is true or false. When determining if something is true or false‚ bias can play a role in the final verdict. Conformational bias is “the idea that we only believe information that is similar to our beliefs is the start of the problem” of people believing fake news (Sundar). This can ultimately push a voter to one side or the another. If the voter was a Trump supporter but still had some thoughts about Hillary Clinton‚ his bias when reading an article‚ even with false information supporting Donald
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Familiarity Bias: The Potent Cognitive Bias The great oracle Wiki says Familiarity bias is a “rule of thumb” that people like you and I use when forming a judgement‚ decisions or beliefs – Sounds all highbrow and impressive but leaves you scratching your head‚ wondering at the meaning‚ doesn’t it? To make understanding easier‚ let’s begin with an example; You are working in a corporate office for years. You are stagnating in the job. You know that you can find a better job with your experience
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