Learn how outcome bias affects decision-making by focusing on results over process. Discover examples in investing, gambling, and business to improve financial decisions.

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Dr. JeFreda R. Brown is a financial consultant, ...

Affinity Bias: We all have a natural tendency to gravitate toward people similar to us in terms of race, ethnicity, gender, age and lifestyle. This unconscious bias can lead us to hire people who look ...

The original definition of the word “bias,” when it entered the English language in the 16th century, was a diagonal line, and specifically one that cut across the warp or weft of a woven fabric. It ...

Conducting a survey or a poll seems straightforward enough at first pass. Say, for example, you want to know the percentage of people in a population who like peanut butter and jelly sandwiches. You ...

Working on self-awareness can help you realistically assess your strengths and weaknesses. Try to avoid blaming outside factors for negative outcomes. You can accept feedback and be open to ...

Analyzing several major pathology AI models designed to diagnose cancer, the researchers found unequal performance in ...

At birth, our minds are like blank sponges ready to absorb new information. Then, as we grow up, we may start to let some of what we’ve learned mess with how we take on new information. This is known ...

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If you’ve been online much recently, chances are you’ve seen some of the fantastical imagery created by text-to-image generators such as Midjourney and DALL-E 2. This includes everything from the ...