Introduction Clustering Illusions refer to the cognitive biases that lead us to perceive patterns or clusters in random or unrelated data. Anchored in human psychology, this mental model significantly influences decision-making processes in our day-to-day lives. Understanding the concept of Clustering Illusions is crucial as it sheds light on the fallacies we may fall victim […]
Introduction In the realm of decision-making, our cognitive biases can often lead us astray, hindering our ability to make rational choices. One such mental model that exemplifies this phenomenon is the Anscombe Quartet. Named after the British statistician Francis Anscombe, this quartet consists of four datasets that share strikingly similar statistical properties, yet depict drastically […]