Don't fall victim to the clustering illusion when analyzing data from "summary" of The Art of Thinking Clearly: Better Thinking, Better Decisions by Rolf Dobelli
The clustering illusion can lead you astray when analyzing data. This cognitive bias tricks your mind into seeing patterns where none exist. You may think that events are connected when they are actually independent. This can have serious consequences when making decisions based on faulty assumptions. When faced with a series of random events, your brain naturally seeks order and meaning. You may start to see clusters or trends that are simply the result of chance. This can happen in various contexts - from financial markets to sports outcomes. People are quick to attribute significance to clusters, even when they are statistically insignifi...
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