Statistical Thinking and Cognitive Bias: The Fundamentals

📊 Course Title: Statistical Thinking and Cognitive Bias: The Fundamentals

Course Description:

Do you want to see the world more clearly? Learn to think like a statistician and question the numbers all around you? Make better decisions at work, when investing, and in life? Then you are in the right place.

Economics for a Better World (EBW) presents Statistical Thinking and Cognitive Bias: The Fundamentals, an introduction to statistics, cognitive bias, and the art of thinking clearly. This course is tailored for those eager to understand the role of statistics in decision-making without delving into heavy mathematical calculations.

What You'll Learn:

• Intuitive Statistics: We'll demystify the fundamental ideas and concepts of statistics using everyday examples. You'll learn how to approach data with a critical eye, asking questions like: "If correlation does not equal causation, then what does?" or "Have humans really wiped out 60 percent of animals?"

• Avoiding Misinterpretation: You'll become savvy to the tricks and pitfalls of data visualizations and learn how probability thinking can provide a new perspective on topics ranging from criminal justice to financial markets.

• Cognitive Bias: Understanding our mental biases is crucial in interpreting the statistics we encounter daily. This course will guide you through the world of cognitive bias, featuring the enlightening work of Hans Rosling on Factfulness thinking.

• Inference, Causation, and Regression Analysis: We'll delve into the nitty-gritty of inference, causation, and the core statistical method of regression analysis, addressing issues from fruit selection to the replicability crisis in research.

• Prediction and Forecasting: Finally, we'll explore why predictions can fail, how they can succeed, and whether perfect prediction is attainable or even desirable.

Course Highlights:

• No Heavy Math: This course focuses on intuition and practical application, so you won’t be bombarded with complex mathematical problem sets.

• Real-World Examples: We'll use relatable scenarios to illustrate statistical concepts, making the learning experience both engaging and impactful.

• Critical Thinking Skills: By the end of this course, you'll be equipped with the skills to critically evaluate information and make informed decisions.

• Data Literacy for Citizenship: In today's data-driven world, statistical thinking is as vital as reading and writing – a sentiment echoed by Herbert George Wells.

Enroll in "Statistical Thinking and Cognitive Bias: The Fundamentals" to navigate the complex world of statistics with confidence and clarity. Join us on this journey to enhance your decision-making capabilities and embrace the data revolution! 📈🚀