Cognitive bias in algorithms, baseball analytics denied, and soft skills ROI.
When nudging fails, defensive baseball stats, and cognitive bias cheat sheet.
1. Recognize bias → Create better algorithms Can we humans better recognize our biases before we turn the machines loose, fully automating them? Here’s a sample of recent caveats about decision-making fails: While improving some lives, we’re making others worse. Yikes. From HBR, Hiring algorithms are not neutral. If you set up your resume-screening algorithm […]
Health innovation, foster teens, NBA, Gwyneth Paltrow.
1. When nudging fails, what else can be done? Bravo to @CassSunstein, co-author of the popular book Nudge, for a journal abstract that is understandable and clearly identifies recommended actions. This from his upcoming article Nudges that Fail: "Why are some nudges ineffective, or at least less effective than choice architects hope and expect? Focusing primarily […]
Brain training isn’t smart, physician peer pressure, and #AskforEvidence.
1. Behavioral economics → Healthcare innovation. Jaan Sidorov (@DisMgtCareBlog) writes on the @Health_Affairs blog about roadblocks to healthcare innovation. Behavioral economics can help us truly understand resistance to change, including unconscious bias, so valuable improvements will gain more traction. Sidoro offers concise explanations of hyperbolic discounting, experience weighting, social utility, predictive value, and other relevant […]
How women decide, Pay for Success, and Chief Cognitive Officers.
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. […]
Baseball decisions, actuaries, and streaming analytics.
1. Do we judge women’s decisions differently? Cognitive psychologist Therese Huston’s new book is How Women Decide: What’s True, What’s Not, and What Strategies Spark the Best Choices. It may sound unscientific to suggest there’s a particular way that several billion people make decisions, but the author doesn’t seem nonchalant about drawing specific conclusions. The […]
Better evidence for patients, and geeking out on baseball.
1. SPOTLIGHT: What new analytics are fueling baseball decisions? Tracy Altman spoke at Nerd Nite SF about recent developments in baseball analytics. Highlights from her talk: – Data science and baseball analytics are following similar trajectories. There's more and more data, but people struggle to find predictive value. Oftentimes, executives are less familiar with technical […]
NBA heat maps, FICO vs Facebook, and peer review.
1. SPOTLIGHT: Redefining how patients get health evidence. How can people truly understand evidence and the tradeoffs associated with health treatments? How can the medical community lead them through decision-making that’s shared – but also evidence-based? Hoping for cures, patients and their families anxiously Google medical research. Meanwhile, the quantified selves are gathering data at […]
Everyone’s decision process, C-Suite judgment, and the Golden Gut.
1. Resistance is futile. You must watch Steph Curry. The Golden State Warriors grow more irresistible every year, in large part because of Curry’s shooting. With sports data analytics from Basketball-Reference.com, these heat maps illustrate his shift to 3-pointers (and leave no doubt why Curry was called the Babyfaced Assassin; now of course he’s simply […]
Social program RCTs, health guidelines, and evidence-based mentoring.
1. SPOTLIGHT: MCDA, a decision process for everyone. 'Multiple criteria decision analysis' is a crummy name for a great concept (aren't all big decisions analyzed using multiple criteria?). MCDA means assessing alternatives while simultaneously considering several objectives. It's a useful way to look at difficult choices in healthcare, oil production, or real estate. But oftentimes, […]
1. Evidence → Social RCTs → Transformational change More progress toward evidence-based social programs. The Laura and John Arnold foundation expanded its funding of low-cost randomized controlled trials. @LJA_Foundation, an advocate for evidence-based, multidisciplinary approaches, has committed $100,000+ for all RCT proposals satisfying its RFP criteria and earning a high rating from its expert review […]