Most of us have learnt some Probability and Statistics in High School, or later in college, or as part of our Masters. We know the basic concepts, and may even use it regularly in our judgements and decisions !
However, what many of us may not be aware of, are the many many ways we can be de-railed, in using these concepts, from Probability and Statistics, for making our decisions ! We may not be aware of the various errors commonly made, the many misconceptions we have, the conclusions we wrongly jump to, in judging probabilities and risks, sampling and statistics.
The Human brain is not wired to intuitively understand probability or statistics. Researchers of the brain, believe that mathematical truths make little automatic sense to our mind, especially when considering random and non-random outcomes, or when considering a large amount of data. And because of that, we automatically and subconsciously end up making a lot of mistakes, in assessing risks and likelihood.
This Course will help you learn about, and try to avoid and minimize, such mistakes and misconceptions. It will be useful for everyone, but especially for Leaders and Managers, whose various judgements and decisions can affect many people, organizations and countries!
It is a Beginner level Course, and it assumes only a basic High school level knowledge of Probability and Statistics.
Disclaimer: You will not learn any Probability or Statistics here, you will only learn about the mistakes and misconceptions commonly made, when using Probability and Statistics in Decision Making.
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Research Based Decision Making, Problem Solving & Critical Thinking Strategies; for Leadership and Management !
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