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8 relations: Gambler's fallacy, Heuristics in judgment and decision-making, Intelligence, Intelligence quotient, Regression toward the mean, Shane Frederick, Sunk cost, Time preference.
Gambler's fallacy
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the mistaken belief that, if something happens more frequently than normal during a given period, it will happen less frequently in the future.
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Heuristics in judgment and decision-making
In psychology, heuristics are simple, efficient rules which people often use to form judgments and make decisions.
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Intelligence
Intelligence has been defined in many different ways to include the capacity for logic, understanding, self-awareness, learning, emotional knowledge, reasoning, planning, creativity, and problem solving.
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Intelligence quotient
An intelligence quotient (IQ) is a total score derived from several standardized tests designed to assess human intelligence.
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Regression toward the mean
In statistics, regression toward (or to) the mean is the phenomenon that if a variable is extreme on its first measurement, it will tend to be closer to the average on its second measurement—and if it is extreme on its second measurement, it will tend to have been closer to the average on its first.
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Shane Frederick
Shane Frederick (born 1968) is a tenured professor at the Yale School of Management.
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Sunk cost
In economics and business decision-making, a sunk cost is a cost that has already been incurred and cannot be recovered (also known as retrospective cost).
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Time preference
In economics, time preference (or time discounting, delay discounting, temporal discounting) is the current relative valuation placed on receiving a good at an earlier date compared with receiving it at a later date.
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