Shaping reality: The power of narratives in data analysis, visualization, and decision architecture

Shaping reality: The power of narratives in data analysis, visualization, and decision architecture

This presentation will focus on the critical role that narratives play in data analysis, visualization, and Decision Architecture particularly in valuation technologies. The influence of narrative bias stemming from pre-existing stories, expectations, and perspectives can significantly skew insights and decision- making. The presentation will explore how to recognize and mitigate narrative bias in data and decisions, ensuring objectivity and accuracy in valuations and decision-making. This presentation will also touch on a few other cognitive bias concepts. It will also incorporate real-world examples and encourage audience participation. Subtopics include narrative bias, selective highlighting, framing effects, visual manipulations, cherry-picking data, misleading aggregations, use of colors, availability heuristic, decision or choice architecture, decision fatigue, analysis paralysis, data storytelling, insight to value conversion rate.