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Information Bias: Paralysis by Analysis

Idea to Value

Sometimes, having more information will not make your decisions any better. Yet many people panic before making any decision, and want to keep gathering more data and information before they feel “ready” to make the correct choices. And one of the cognitive biases which may underpin it is called the Information Bias.

Analysis 154
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Confirmation bias: Looking for information to prove you are right

Idea to Value

Confirmation bias is a bias that most of us suffer from, and is the tendency for you to search for, interpret, favour, and recall information in a way that confirms or supports your prior beliefs or values. Simply put: we want to find information that proves that we were right all along. Biased interpretation of information.

Data 229
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What is Cost-Benefit Assessment: Exploring Cost-Benefit Analysis, Risk Assessment, and Their Distinctions

IdeaScale

In the realm of decision-making, especially in business and economics, understanding the potential risks and benefits associated with any course of action is crucial. Cost-benefit assessment, often employed through cost-benefit analysis (CBA) and risk assessment, serves as a cornerstone for informed decision-making processes.

Analysis 130
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#2,000 – Information Has Mass

Greatest. Idea. Ever.

And it doesn’t get much bigger than the game-changing, mind-blowing idea that there’s no such thing as Dark Matter and that instead it’s really “information” that has mass. Melvin Vopson of the University of Portsmouth, in the UK, has a hypothesis he calls the mass-energy-information equivalence.

System 65
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New Study: 2018 State of Embedded Analytics Report

Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.

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Why Patients Deserve Cannabis-Educated Healthcare Professionals

Business and Tech

medical schools’ curricula include information on the endocannabinoid system and/or medical cannabis. TheAnswerPage also has tailored cannabis courses for multiple U.S. Patients who consume cannabis (for medicinal or recreational purposes) need and deserve well-informed guidance from their healthcare providers.

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THE YEAR OF LIVING CREATIVELY: Next Course Begins on January 16th

Idea Champions

The Year of Living Creatively is a highly engaging, eight-week online course that helps aspiring innovators transform their inspired visions and ideas into new products, new services, new forms of expression, new businesses, and breakthrough ways of living. HOW IT WORKS: Dominoes delivers pizza. FedEx delivers packages.

Course 49
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How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.

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Living With Technical Debt: Balancing Quality and Perfection

Speaker: Cliff Gilley, The Clever PM

And of course, the longer you take to deal with your technical debt, the more difficult it becomes to address fully. Unexpected details pop up, as small as UX that needs clean-up, and as big as a previously unforeseen flaw in the infrastructure of a project. We have to accept that nobody gets away without some technical debt.