Frame the Game – it’s Never the Same!

(Reading time: 6 min read)

Although the Framing Effect is widely known in modern medicine, it likewise has a great impact on the legal profession. Research shows that the human mind is prone to errors in connection with different ways of framing choices. By reading this article you will discover how different ways of presenting options affect the decision-maker. You might be surprised that the Framing Effect is strongly connected to age – and that in your case it can only get worse.

#30in30 – Fooled by Fundamentals

(Reading time: 2 Min read)

The Base Rate Fallacy is a formal fallacy. It occurs when too little weight is placed on the probability base rate of an event. People are succumbing to the base rate fallacy when erroneously judging the likelihood of an event without taking into account all the relevant data. The underlying mechanism is an overt focus on new information without acknowledging how this impacts the original assumptions. Old information is still evaluated and taken into account, however the newer pieces of information are given too much weight.