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The larger a transportation problem (that is, as the problem has more rows and more columns), the smaller the fraction of all possible routes that will be filled in a solved problem. Explain.
Hindsight Bias
The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "knew-it-all-along" effect.
Timing Bias
A form of cognitive bias where an individual's decisions or perceptions are influenced by the timing of information or events.
Base Rate Neglect
The tendency to ignore information about general principles in favor of very specific but vivid information.
Bonferroni Inequalities
Statistical safeguards used to reduce the chances of making incorrect inferences when multiple hypothesis tests are being performed simultaneously.
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