MISUNDERSTANDING OF PROBABILITIES


Meaning of MISUNDERSTANDING OF PROBABILITIES in English

[organizational behavior] action of taking just one or two samples as the average performance

Note: Misunderstanding of probabilities leads to nonrational decisions. Generally individual performance will regress to the mean, but there may be great difference between several performances.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.