Difference between revisions of "Bias"

From Open Risk Manual
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[[Category:Risk Management Biases]]
 
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Revision as of 14:48, 18 October 2021

Definition

Bias is a general term that denotes an explicit and systematic tendency to prefer certain choices over others. It may refer to people and associated cognitive biases of experts, to algorithms and associated Model Bias, which may be unwitting or desired, instrument / measurement bias etc.