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 minds have a remarkable ability to seek patterns and make connections between unrelated events or data points. This cognitive tendency is known as apophenia. It refers to the human inclination to perceive meaningful patterns or connections in random or unrelated information, even when no true correlation exists. Understanding […]
Introduction In the realm of decision-making, the human mind is often influenced by various cognitive biases and heuristics that can lead to suboptimal choices. One such bias, known as “Regression to the Mean,” holds a significant place in our daily lives and decision-making processes. Derived from statistical analysis, this mental model describes the tendency for […]