No. 5 - Risk Management :: 9 Project Management Knowledge Areas - The Tolstoy Effect PDF Print E-mail
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PLOG - Plog Category: Project Management blues
Written by Administrator   
Thursday, 09 July 2009 10:57
Article Index
No. 5 - Risk Management :: 9 Project Management Knowledge Areas
Risk of Exposure
Camping and Risk Management
Managing Risk - The Matrix
But what about the real world?
The Tolstoy Effect
To skew or to not skew
What about our trip?
All Pages

 

 

In my example of my camping trip, another important point is high lighted. Did you catch it? In the gathering of data, we tend to not be as unbiased as we think. In other words, we skew or look for data that supports the end result that we hope to achieve or find beneficial to our personal cause. This is called the 'Error of Inductive Inference' or some call it the 'Tolstoy effect'. My wife, found great data that supported her cause, that of not going camping due to seven days of rain. I on the other hand, found a decent forecast that didn't look as bad, only two days of rain, followed by 5 days of glorious sunshine.

 



Last Updated on Tuesday, 21 July 2009 15:16
 

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