1. I was delighted when a friend sent a link to 10 Things I Believe About Baseball Without Evidence. Ken Arneson (@kenarneson) looks at sabremetrics with things like the linguistic relativity principle and the science of memory-based prediction. Warning to Oakland A's fans: Includes yet more reminders of the epic 2014 collapse.
2. The concept of satisficing came up on one of my current projects, so I reread some overviews. Herbert Simon coined this term to explain decision making under circumstances where an optimal solution can't be determined. (Simon sure has staying power: During grad school I wanted a copy of Administrative Behavior (1957), and there it was in paperback on the shelf at the Tattered Cover in Denver.)
3. Eric Topol (Medscape) interviewed Margaret Hamburg, US FDA commissioner, on weighing risks/benefits in complex agency decision-making. She talked specifically about the newly restrictive policy on opiate painkiller prescriptions (see page 3). I'd like to see FDA's analysis of unintended side effects, such as the concurrent rise of U.S. heroin use/overdoses.
4. Organizations are challenged with finding the pony in all their data, and marketing-spin hijinks have ensued. Seth Grimes (@sethgrimes) has a great discussion of efforts to go beyond the fundamental volume, velocity, etc. in Avoid Wanna-V Confusion.
5. Steve Ardire (@SArdire) authored a Dataversity paper on cognitive computing, including survey results and some choice comments, both pro and con, about the prospects for this emerging area. For creating business value, 'business intelligence/cognitive analytics' looks promising. Cognitive Computing: An Emerging Hub in IT Ecosystems.
Curated by Tracy Altman of Ugly Research.