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{ Tag Archives } decision making

Rethinking data and decisions – Big Data’s Impact in the World – NYTimes.com

The New York Times recently ran an excellent overview of the evolving state of data analytics. Big Data’s Impact in the World – NYTimes.com: “The story is similar in fields as varied as science and sports, advertising and public health – a drift toward data-driven discovery and decision-making. “It’s a revolution,” says Gary King, director […]

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Odds of being a terrorism victim on a flight

What this graphic and the underlying data analysis show more than anything else is how little evidence and rational analysis have to do with most decisions by most people.  We can lament that all we want. If you’re running a lottery, you make money off this predictable irrationality. On the other hand, if you’re committed […]

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