Essays about: "Balázs Faragó"

Found 1 essay containing the words Balázs Faragó.

  1. 1. Data Misinterpretation: A Consequence of Data Structure? : A Cognitive Imperfection and Its Economic Implications

    University essay from Jönköping University/Internationella Handelshögskolan

    Author : Balázs Faragó; Joakim Ben David; [2023]
    Keywords : Data Misinterpretation; Behavioural Economics; Policy Decision-Making; Cognitive Bias; Convex Hull; Agent-Based Computational Economics;

    Abstract : This study examines the claim that individuals misinterpret the mean of a dataset (displayed as a scatterplot) more when the convex hull of the dataset is less representative of the data. In addition, this study also tests whether outliers in the data can predict the magnitude of error that individuals make in interpreting the mean of the dataset. READ MORE