Six miles off course.

Expressed through standard deviation Values given over accidental errors.

Std. deviation

Std dev.

Standard deviation

Std. dev

Consisting of accidental and systematic errors.

The sampling error for London was more than three times the allowable limit.

That tiny misalignment.

Otherwise that would introduce bias.

Man, you have the worst sense of timing.

Index of aridity ____________ Normal rainfall ____________ Rainfall standard deviation ____________

toleranceAbs

toleranceRel

I want to get it exactly right.

That's six miles after 200 miles of water.

The margin of error stood at approximately 8 per cent.

Allowed absolute tolerance

Allowed relative tolerance

He admits, we're on the wrong course.

We have some leeway.

Hence, some uncertainties are added to those uncertainties that are due to the mathematical model itself (break up models etc.).

SP ... These four things. Prospect theory, hyperbolic discounting, status quo bias, base rate bias. They're all well documented.

So you don't only know that he's going off course, you know how.

I want to talk now about errors in value.

They usually have about a one degree acceptance angle, meaning once they're more than about a degree off, none of the sunlight rays will hit the focus.

The figures may bear plus or minus 15 per cent inaccuracy.

One common source of businesses blind spots is judgment bias. This arises when executives have overly narrow views of their industry, underestimate their competitors capabilities, or fail to see how the competitive landscape is changing.

Values given over accidental errors.

Well, it turns out that this seems to be the result of at least two biases that we have at the psychological level.

Can you imagine how much biased his report would be?

After all, crime is only a lefthanded form of human endeavor.

He planned it so well. He made no mistakes.

The question we were interested in is whether the monkeys show the same biases.

statistical deviations esp. for initially low collision probabilities.

The scales of justice may tip one way or another, but ultimately they balance out.

And what's interesting about this experiment is that it's not an aberration.

And this leads to the second bias, which economists have called loss aversion.

You prioritize the one guy who seems to be going a little off course.

We figured she must have gone off course, went out over the ocean, went down there.

My car radio, the 12 30 news. All planes still grounded.

And as you go up, those are the bigger trials, so they've got less error in them.

The Government undertook to correct any deviation from this policy that was brought to its attention.

Father almost disinherited him because of slave girls.

Medium for these categories has an error range between 10 and 35 per cent.