Placebo’s and Testing Conventions

Mind Hacks has an article trying to explain why the placebo effect has been growing stronger over the last few years – a great reminder that sometimes historical data gets tainted as recording and testing procedures change over time.

For example, we know that better designed and higher quality studies show smaller drug effects. This [...]

Do Sunk Benefits Cause Bias?

“If it ain’t broke, don’t fix it”

You often hear about the perils of sunk costs, but can sunk benefits lead to bad choices too?  I can imagine many situations were people would cling to something because it had been beneficial in the past.  Maybe that’s why our government is so insistent on [...]