law of small numbers
Definition
Judgmental bias which occurs when it is assumed that the characteristics of a sample population can be estimated from a small number of observations or data points. See also law of large numbers.
email to a friend
print this definition
cite this definition
link to this page
law of small numbers is in the Economics, Politics, & Society and Statistics, Mathematics, & Analysis subjects.
law of small numbers appears in the definition of the following term: law of large numbers
This content can be found on the following page:
http://www.businessdictionary.com/definition/law-of-small-numbers.html