‘The Ultimate protection against research error and bias is supposed to come from the way scientists constantly test and retest each others results’ – To What extent would you agree with this claim in the natural and human sciences. Human beings are inherently flawed creatures. Through faults in reason and sense perception we interpret the world not as it truly is. Both the Human and Natural Sciences are tools to understand the world and are a lens in which to comprehend ideas not readily available
Premium Scientific method
exchange ratio in stock mergers. What positions would risk arbitragers take in this deal? How would their positions change if the board appears to favour Quest offer? 4. Consider the Worldcom-MCI merger and the Qwest-US West merger. Trying to avoid hindsight bias‚ should the board of MCI and US West have accepted these offers? What is the obligation to shareholders? Was that obligation fulfilled? What about WorldCom and Qwest? Did their shareholders benefit? 5. Which offer should MCI accept? Why? 6.
Premium Stock Corporate finance Hedge fund
able to use bias information to create a customized investment plan. In my book I describe the most common behavioral biases an advisor is likely to encounter‚ explain how to diagnose these biases‚ show how to identify behavioral
Premium Finance Investment Psychology
What abilities do good thinkers possess? General Psychology April 30th 2012 Good thinkers have the ability to think psychologically and enhance the ability to solve problem according to the Psychology core concepts. People with good thinking skills can identify can solve problems while considering all possibilities without leading to a conclusion. Another part of problem solving is choosing a strategy that fits the problem (Wickelgren‚ 1974). There are two methods for selecting a strategy
Premium Problem solving
Regret aversion bias: People make decisions made on the anticipated risks. They don’t want to become the active agent in a wrong decision. A major study was done to understand this bias. A flu epidemic has hit your community. This flu can be fatal for children under the age of three. The probability of a child getting the flu is 1 in 10‚ and 1 in 100 children who get the flu will die from it. This means that‚ statistically speaking‚ 10 out of each 10‚000 children in your community will die. A vaccine
Premium Vaccine Vaccination Immune system
terrorism. This perception most clearly illustrates a. replication. b. hindsight bias. c. random sampling. d. the placebo effect. 7. When Leanne heard about experimental evidence that drinking orange juice triggers hyperactivity in children‚ she questioned whether the tested children had been randomly assigned to experimental conditions. Leanne’s reaction best illustrates a. the placebo effect. b. hindsight bias. c. critical thinking. d. overconfidence. 8. Stacey suggests that
Premium Scientific method Psychology Sigmund Freud
the representativeness. First interpretation is that recent prices movements are the representativeness. Secondly‚ representativeness also can be seen as that people will think about the patterns and tends. One mental shortcut‚ the representativeness bias‚ involves overreliance on stereotypes (Shefrin‚ 2005) . Grether (1980) and Kahneman and Tversky(1973‚ 1974) said that representativeness would cause the investors to play against the Bayes’s rules. In stock markets‚ recent market prices become the
Premium Stock market Stock
flaws in the architecture of memory (Murray‚ 2003). Also‚ it can benefit people to learn the seven sins of memory to help them to understand what the brain holds. The seven sins of memory are Transience‚ Absent-mindedness‚ Blocking‚ Suggestibility‚ Bias‚ Persistence‚ and Misattribution. These seven sins of memory have a great deal of information to understand the areas of memory. These are a unique
Premium Seven deadly sins Memory Psychology
Essay Notes • Nixon sought to gain peace in Vietnam & set up a withdrawal of the troops (yes) • Kissinger claimed that the majority of the population were pro government & against protest(no)- the population turned against the war in an overwhelming majority • Post troop withdrawal-larger protest called mobilization(yes) -Due to the Us being involved in bombing campaigns in Cambodia outraged people • Black Americans & students were the majority of anti-war protestors (yes/no)-
Premium Civil disobedience Protest Martin Luther King, Jr.
a more severe and direct tone. This secondary source is written from the perspective of Otto Von Bismarck therefore it contains some bias‚ as it is written in a subjective tone which supports Bismarck’s actions and does not give an objective view of the events. The source is also written with hindsight and therefore has a limited reliability due to Bismarck’s context. Hindsight has allowed Bismarck to project his own recollection of events‚ which may not have been strictly correct. Through Retrospect Bismarck
Free Otto von Bismarck Prussia German Empire