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Statistics

The Rule Hidden in the First Digit: Benford's Law

In many naturally occurring sets of numbers, smaller leading digits appear far more often: about 30.1% start with 1, and only about 4.6% with 9. This article explains the definitio

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Psychology

I Knew It All Along: Hindsight Bias

Hindsight bias is the mental habit of believing, after something has happened, that we could have predicted the outcome from the start. We look at the experiments that first confir

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Business administration

The PDCA Cycle for Achieving Goals

This time, I would like to prepare material on the PDCA cycle for achieving goals and improving organizations. PDCA (plan–do–check–act) is a method for managing production, quality