Posts Tagged ‘ Analytics-business interaction ’

Inspired by water leaks

December 19, 2016
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Inspired by water leaks

For me, 2016 is a year of water leaks. I was forced to move apartments during the summer. (Blame my old landlord for the lower frequency of posts this year!) That old apartment was overrun by water issues. In the past four years, there were two big leaks in addition to annual visible "seepage" in the ceiling. The first big leak ruined my first night back from Hurricane Sandy-induced evacuation.…

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Reader’s Guide to the Power Pose Controversy 3

November 2, 2016
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This is the third and final post about the controversy over statistical analysis used in peer-reviewed published scholarly research. Most of the new stuff are covered in post #2 (link). Today's post covers statistical issues related to sample size, which is nothing new, but it was mentioned in Amy Cuddy's response to her critics and thus I also discuss it here. In post #2 (link), I offer the following mental…

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The idol worship of objective data is damaging our discipline

October 28, 2016
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In class last week, I discussed this New York Times article with the students. One of the claims in the article is that the U.S. News ranking of colleges is under threat by newcomers whose rankings are more relevant because they more directly measure outcomes such as earnings of graduates. This specific claim in the article makes me head hurt: "If nothing else, earnings are objective and, as the database…

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Why are GMAT scores going up?

October 11, 2016
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In Chapter 1 of Numbersense (link), I went through an extensive list of shenanigans that can be used to trick the rankings of colleges and graduate schools. One of them is to allow students to submit the maximum of repeated sittings of GREs, LSATs, GMATs, etc. This tactic is unabashedly headlined in a recent Wall Street Journal article, "Test Redos Give GMAT Scores a Lift." (link) In the print edition,…

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Two quick hits: how bad data analysis harms our discourse

October 6, 2016
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I am traveling so have to make this brief. I will likely come back to these stories in the future to give a longer version of these comments. I want to react to two news items that came out in the past couple of days. First, Ben Stiller said that prostate cancer screening (the infamous PSA test) "saved his life". (link) So he is out there singing the praises of…

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Thank you Buzzfeed for noticing us humans

August 31, 2016
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My friend John R. sent me this excellent Buzzfeed feature on music playlists. Here are some choice quotes to whet your appetite: In 2014, when Tim Cook explained Apple’s stunning $3 billion purchase of Beats by repeatedly invoking its “very rare and hard to find” team of music experts, he was talking about these guys. And their efforts since, which have pointed toward curated playlists (specifically, an industrial-scale trove of…

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Quote of the month

August 23, 2016
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In a post titled "GIGO" (for those who don't like acronyms, Garbage In, Garbage Out), Andrew Gelman wrote this gem: as long as the “garbage out” gets media attention, there will always be somebody willing to supply the “garbage in.” The general drift of that post, and the previous one that led me to it, is a critique of the management consulting industry. Having worked in that industry earlier in…

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Statistical thinking on my subway commute

August 16, 2016
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So I recently moved and needed to find the optimal subway ride up to Columbia. I have been go back and forth between my two choices to collect some data to help make up my mind. Both routes require two train exchanges but only the first leg differs. In other words: Route 1 : A -> B -> C Route 2 : X -> B -> C Here, the "nodes"…

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Know your data 19: don’t tell me you are 2 blocks away when you are 20 blocks away

August 11, 2016
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Well, it didn't take long but private investigators have found the next big thing: Big Data. Bloomberg reported on a company called IDI, who sells our data to private investigators. (link) Unfortunately, this article is short on details and long on sensationalized catchphrases ("Every move you make. Every click you take...") The CEO of IDI boasted that "We have data on that 21-year-old who’s living at home with mom and…

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Apple Watch users overwhelmingly satisfied, says a survey of satisfied users

July 27, 2016
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Apple Watch users overwhelmingly satisfied, says a survey of satisfied users

As word of plummeting sales of Apple Watch spread around last week, an entrepreneur went on Medium to sing a different tune: his survey apparently uncovered a "paradox" - Apple Watch users are "overwhelmingly satisfied, yet not recommending" the product. The "overwhelming" bit comes from this chart: This data portray a hugely successful product in which almost nobody expressed any negative feelings. This next chart is even more impressive. Apparently,…

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