Hindsight bias leads you to believe that the event you just experienced was predictable, even though it really wasn’t. In other words, you knew all along that things would turn out the way they did. Can you relate this to the phrase "Hindsight is 20/20" now? 

Social proof is a form of persuasion based on comparison and conformity. People compare their behavior and actions to what others are doing and will change to conform to do what their peers do.

In 1653, the French philosopher and scientist Blaise Pascal published "Treatise on the Equilibrium of Liquids," which discussed the principles of static fluids. A static fluid is a fluid that is not in motion. When a fluid is not flowing, we say that the fluid is in static equilibrium. If the fluid is water, we say it is in hydrostatic equilibrium. For a fluid in static equilibrium, the net force on any part of the fluid must be zero; otherwise, the fluid will start to flow. Pascal...

The central limit theorem, abbreviated as clt, is one of the most powerful and useful ideas in all of statistics. The central limit theorem for sample means says that if you repeatedly draw samples of a given size and calculate their means, and create a histogram of those means, then the resulting histogram will tend to have an approximate normal bell shape. In other words, as sample sizes increase, the distribution of means follows the normal distribution more closely.
The sample size, n, that...

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