Financial Decoder cover image

Can the Olympics Teach Us About Our Own Behavior?

Financial Decoder

CHAPTER

Analyzing Biases in Judging Athletes and their Relevance in Decision-Making

The chapter delves into the various biases that influence sports judges in competitions, affecting the scores of athletes based on factors like order bias, recency bias, and assimilation effect. It emphasizes the need for multiple judges and strategies like ignoring extreme scores to address biases, while also connecting these biases to financial decision making to illustrate their broader impact on everyday judgments.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner