List Five Best Practices of Dashboard Design

question 41

Essay

List five best practices of dashboard design.

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Definitions:

Gambler's Fallacy

The erroneous belief that if an event occurs more frequently than normal during some period, it will happen less frequently in the future, or vice versa.

Hot Hand

The tendency for gamblers who get lucky to think they have a “hot” hand and their luck will continue.

Poker Hands

Combinations of playing cards that determine the winner in a game of poker, classified by patterns such as flush, straight, or full house.

One-Shot Illusory Correlation

The cognitive bias of forming a mistaken association between two variables based on a single occurrence or piece of evidence.