Noise Is Not Just Noise!

In a recent post, I discussed the distinction between "noise" and "bias" as noted in the new book, Noise: A Flaw in Human Judgment (Hachette Book Group, New York 2021)  by Daniel Kahneman, Olivier Sibony, and Cass R. Sunstein.   Although somewhat intense reading, I managed to finish it and realized [Read More]

By |June 18th, 2021|Research|

“Noise” is not Bias!

I learned a new term recently: noise. Not “noise” as in a room full of people talking loudly, but “noise” as opposed to “bias”.  Whereas “bias” is defined as errors in judgement, “noise” is defined as “the random errors that create decision risk and uncertainty.” ( Noise Versus Bias- We [Read More]

By |May 28th, 2021|Research|
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