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Careers and data science

The opposite of science is superstition. Astrology which is one of the few religions that can be disproved. These things that appeal to emotion or system one: that fast way thinking. Examples in political science are global warming and it’s politically motivated deniers.

Thinking slow by thinking fast at the same time: so, if you have the resources — you have employees and software like an Excel spreadsheet, you have trainin, you have MBAs, you have the inclination: business processes and incentive, survival, profit. They try to think “slow” whenever possible if you’re a company.

So you going to try to use computer models. For example, Excel or spreadsheets for thinking slow. Business frequently try to formalize the most important and most competitive processes to try to ensure quality. Some examples are forms, procedures, assembly lines, quality assurance inspection tests.

Ideally, businesses would like their most important, frequent analyses to think both slow and fast: to think slow in a
sense of thinking that is deliberative and rational. Also fast, not because they’re using System I, but or thinking intuitively, but fast because the thing is being done I computer model that can think very quickly. Examples are high-frequency trading, marketing analytics.

So, another book for you!

The Signal and the Noise

The Signal and the Noise which is the 2012 bestseller by Nate Silver.

The full title is: The signal and the Noise:Why most prediction fail but some don’t. It talks about building mathematical models. The synopsis is that to build a really good mathematical model you really need to understand the field.

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