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A Picture's Worth a Thousand Numbers
Hogarth, Robin M.; Soyer, EmreArticle HBS-F1306B-ELeadership and People ManagementPeople have trouble understanding probability, yet it's crucial to all sorts of decision making, from choosing whether to buy new equipment to putting together an investment portfolio. Graphic representations and computer simulations can present information in ways decision makers can easily grasp--of critical importance in the era of Big Data.Starting at €8.20
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Fooled by Experience
Soyer, Emre; Hogarth, Robin M.Article HBS-R1505E-ELeadership and People ManagementWe interpret the past--what we've experienced and what we've been told--to chart a course for the future. It seems like a reasonable approach, but it could be a mistake. The problem is that we view the past through filters that distort reality. One filter is the business environment, which focuses on outcomes rather than the processes that lead to them and celebrates successes while ignoring failures, thus making it hard for us to learn from mist...Starting at €8.20