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For example, Judge Richard Posner once remarked that falsus in uno was a "discredited doctrine" based on "primitive psychology". This assertion was not made in relation to fraudulent documentation or a "material" inconsistency; rather, it was based on what the court characterizes as "innocent mistakes, trivial inconsistencies, and harmless ...
In rhetoric and ethics, "two wrongs don't make a right" and "two wrongs make a right" are phrases that denote philosophical norms. "Two wrongs make a right" has been considered as a fallacy of relevance, in which an allegation of wrongdoing is countered with a similar allegation.
Disagree and commit is a management principle that individuals are allowed to disagree while a decision is being made, but that once a decision has been made, everybody must commit to implementing the decision. Disagree and commit is a method of avoiding the consensus trap, in which the lack of consensus leads to inaction.
Emotional decision-making is a common mistake investors make. According to research, cognitive biases such as herd mentality, loss aversion, anchoring bias and hindsight bias can diminish your ...
I think we make fewer mistakes like that than other people. And that is a blessing to us." ... On mental models and decision-making frameworks: ... Don’t count on getting rich twice. • You don ...
Warren Buffett once said you only have to do 'very few things right' in life, as long as you don't do too many wrong things — 3 investing mistakes that can put your retirement at serious risk.
George Box. The phrase "all models are wrong" was first attributed to George Box in a 1976 paper published in the Journal of the American Statistical Association.In the paper, Box uses the phrase to refer to the limitations of models, arguing that while no model is ever completely accurate, simpler models can still provide valuable insights if applied judiciously. [1]
In the October 19 debate, he repeatedly stated that raising taxes was a mistake and he "should have held out for a better deal." [21] These apologies also proved ineffective, and the broken pledge dogged Bush for the entirety of the 1992 campaign. Bush's eventual opponent Bill Clinton used the broken pledge to great effect late in the campaign.