Base Rate Neglect is a bias researched and published by the psychologists, Kahneman and Tversky, in the seventies. In very simple terms, it explains our propensity to ignore general information that can help in determining the probability of an outcome, and instead,...
A short video on the evolution of Australian banking structures in the context of the Financial Services Royal Commission. “Goldilocks” (the Australian community) had a choice of three banking structures – which one did she find “just...
The Wesfarmer’s AGM has always had a liberal dose of royal show about it. The mum and dad (and increasingly grandmum and granddad) shareholders lap up the Coles sausage rolls, the Blackwoods chocolate toolkit and the Bunnings showbag as much as the chance to gain...
Every day, squads of analysts and experts are deployed in the unending pursuit of establishing toeholds of future insight so that Executives and Boards can do what they are paid to do – make decisions that best drive value creation. And what is everyone’s...
The ABC recently ran a story about the Australian discus thrower, Dani Stevens. The performance of all female discus athletes over time was displayed in the below chart. This image is a great example of turning data into information through graphics. Representing...