Archivio per 12 novembre 2013

12
Nov
13

What Big Data Means For Social Science

See on Scoop.itBounded Rationality and Beyond

We’ve known big data has had big impacts in business, and in lots of prediction tasks. I want to understand, what does big data mean for what we do for science? Specifically, I want to think about the following context:  You have a scientist who has a hypothesis that they would like to test, and I want to think about how the testing of that hypothesis might change as data gets bigger and bigger. So that’s going to be the rule of the game. Scientists start with a hypothesis and they want to test it; what’s going to happen?

See on edge.org

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12
Nov
13

What Big Data Means For Social Science

See on Scoop.itBounded Rationality and Beyond

We’ve known big data has had big impacts in business, and in lots of prediction tasks. I want to understand, what does big data mean for what we do for science? Specifically, I want to think about the following context:  You have a scientist who has a hypothesis that they would like to test, and I want to think about how the testing of that hypothesis might change as data gets bigger and bigger. So that’s going to be the rule of the game. Scientists start with a hypothesis and they want to test it; what’s going to happen?

See on edge.org

12
Nov
13

Economists As Experts: Overconfidence In Theory and Practice

See on Scoop.itBounded Rationality and Beyond

Drawing on research in the psychology of judgment and decision making, I argue that individual economists acting as experts in matters of public policy are likely to be victims of significant overconfidence. The case is based on the pervasiveness of the phenomenon, the nature of the task facing economists-as-experts, and the character of the institutional constraints under which they operate. Moreover, I argue that economist overconfidence can have dramatic consequences. Finally, I explore how the negative consequences of overconfidence can be mitigated, and how the phenomenon can be reduced or eliminated. As a case study, I discuss the involvement of Western experts in post-communist Russian economic reforms.

See on academia.edu

12
Nov
13

Economists As Experts: Overconfidence In Theory and Practice

See on Scoop.itBounded Rationality and Beyond

Drawing on research in the psychology of judgment and decision making, I argue that individual economists acting as experts in matters of public policy are likely to be victims of significant overconfidence. The case is based on the pervasiveness of the phenomenon, the nature of the task facing economists-as-experts, and the character of the institutional constraints under which they operate. Moreover, I argue that economist overconfidence can have dramatic consequences. Finally, I explore how the negative consequences of overconfidence can be mitigated, and how the phenomenon can be reduced or eliminated. As a case study, I discuss the involvement of Western experts in post-communist Russian economic reforms.

See on www.academia.edu




Time is real? I think not

novembre: 2013
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