This is an anxious time for anyone in policy / decision analysis. Machine learning, analytics, statistical models, and decision intelligence are helping leaders grapple with the coronavirus pandemic, but weighing alternatives and connecting actions → outcomes requires so many things. Once the modeling is complete and the data visualizations are shared, then what? Newly anointed […]
How we decide is no less important than the data we use to decide. People are recognizing this and creating innovative ways to blend what, why, and how into decision processes. 1. Apply behavioral science → Less cognitive bias McKinsey experts offer excellent insight into Behavioral science in business: Nudging, debiasing, and managing the irrational […]
1. “A gut is a personal, nontransferable attribute, which increases the value of a good one.” This classic from Harvard Business Review recaps how policy makers have historically made big decisions. It’s never just about the data. A Brief History of Decision Making. 2. A reminder to look for the nonobvious. This analysis examines differences […]
1. Much has happened since Why Most Published Research Findings Are False, the much-discussed PLOS essay by John P. A. Ioannidis offering evidence that “false findings may be the majority or even the vast majority of published research claims….” Why are so many findings never replicated? Ioannidis listed study power and bias, the number of […]
1. Spending $ on brain training isn’t so smart. It seems impossible to listen to NPR without hearing from their sponsor, Lumosity, the brain-training company. The target demo is spot on: NPR will be the first to tell you its listeners are the “nation’s best and brightest”. And bright people don’t want to slow down. […]