In this post, I will outline errors when it comes to the interpretation of statistics, and how these errors may create incorrect conclusions. It also shows how statistical graphs can be used to distort reality.
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A cognitive bias happens when someone makes a bad choice that they think is a good choice. However, when we consider that many of these errors will not only affect us but also everyone around us, then their consequences can really add up.
Some important life lessons as collected from series of tweets by Tyler Cowen.
What's obvious to you may not be so to the other person!
Finding the right team is the universal first step to building a strong and sustainable company. You succeed or fail not on the strength of your idea or your product but on the strength of your team.