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News and Analysis from Pivotal Point

Its all about the Base

Its all about the Base

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,...

Goldilocks and the Three Banks

Goldilocks and the Three Banks

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 right"?...

Your financial forecast is almost certainly wrong

Your financial forecast is almost certainly wrong

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 favourite...

Presenting performance data so it informs

Presenting performance data so it informs

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...

Why chicken eats steak for breakfast

Why chicken eats steak for breakfast

A case study on the economics of premium food. In the late 1990’s, Scottish archaeologists unearthing the Vaults of Edinburgh discovered an interesting insight into the eating habits of the early 19th century inhabitants – thousands upon thousands of oyster shells. To...