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Reflections on Data, Cognitive Biases, and Decision-Making.
Get ready for some eye-opening insights. Cognitive biases affect how we interpret data, often leading to conflicting opinions despite seeing the same information.
• When analyzing big data. We see what we want and ignore counter-evidence.
• Table example. A simple five-column table shows no clear link between views and installation costs, but biases cloud our judgment.
• Decision-making. Always rely on logic and market understanding, not just data.
• Question yourself). Is data helping us progress or just causing confusion?
Remember, data is one of many tools in decision-making. Think for yourself and keep your eyes open.
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