General Session #6: More than a Gambler's Fallacy: How Luck Fools Investors, Baseball Umpires, and Asylum Judges

Wednesday, January 17, 2018 -
10:30am to 11:30am

Session type:

How do humans get fooled by luck and make bad decisions? Professor Moskowitz explores how we, as human beings, lack the ability to appreciate randomness, leading to two biases in judgement—finding patterns in random noise and failing to be unbiased in decision making. Discover how investors, baseball umpires, and federal court judges are all prone to the errors that cause poor decision making. More importantly, learn how to remedy these situations and apply these solutations to better serve your clients.