Among those biases are, for example, the neglect of base-rate information, overconfidence or incorrect perceptions regarding the frequency of certain events. But shouldn’t professional risk managers be aware of these biases and be able to mitigate them? Well, it seems that even professionals are not immune to systematic biases, a view that is underpinned by at least two studies.
The transparent windows are larger, and striking holographic features will help to make the notes very easy to verify, but hard to counterfeit. More details about these features will be made available closer to the time the notes are released. New Zealand is very fortunate, in that we have low rates of counterfeiting by international standards.