Back at my old stomping grounds, I used to write about the same topics that I currently write about at Baseball Prospectus, but when I wrote about a behavioral phenomenon that had particularly ...

When filling out our fantasy baseball rosters, we do not simply select the 23 best players available to us; instead, we select the 23 best players that fit at the positions required by the league ...

Kenyan Diasporan blogger, Curious, discusses “the representative heuristic”. For example, the representative heuristic (Wikipedia) would be like this: “after a report in the media that, for example, ...

IMAGINE you meet someone in a suit, talking confidently about stocks. You might instantly think, “He must be good with money.” Why? Because he fits the image of a successful investor. That’s ...

Representative Heuristics help people make decisions quicker but it generate some severe biases. Good Company = Good stock? Why investors prefer growth style? Investors like to chase winners and ...

When ordinary people make judgments or inferences, they do not operate like a logician or statistician might. They fail to use some of the relevant information, and they fail to ignore other ...