Attached you will find the word document that needs to be filled out.
The descriptions and examples of the error are not to be plagiarized from peers or the internet.
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I have included the definition for each error and you need to add the following:
- A description of each
- An example of each
I have included a sample entry below to better explain the process and what I expect. Please make sure that description and examples are clearly described.
Statistical Error: Algorithm Aversion
Definition: Evidence-based algorithms more accurately predict the future than do human forecasters. Yet when forecasters are deciding whether to use a human forecaster or a statistical algorithm, they often choose the human forecaster.
Description: We like to rely on human judgment. people more quickly lose confidence in algorithmic than human forecasters after seeing them make the same mistake.
Example: An example is people who don’t leave during hurricanes. Even though there is sophisticated analysis detailing weather patterns and the likelihood of a storm hitting a particular area, some people ‘go with their gut’ and stay at home.