4 ms·
what a dumb quote by bezos
by gameswithgo 5y ago
what a dumb quote by bezos
- lostinquebec 5y agoThe election wins of Trump, Boris Johnson, Brexit and The Liberals in Australia show that data collection really matters. Similarly the financial crisis of 2009 shows that missing data can really matter. That's the key point of the quote: > There's something wrong with the way you are measuring it
- geofft 5y agoBut those are all examples of data collection working fine, though, and people not listening to the data because their anecdotes went the wrong way. FiveThirtyEight predicted a 28.6% chance of a Trump victory: https://projects.fivethirtyeight.com/2016-election-forecast/ https://projects.fivethirtyeight.com/2016-election-forecast/ This is a number far greater than zero - it is, for comparison, more likely than flipping two coins and them both coming up heads, or drawing a random card from a deck and having it be diamonds. Opinion polling of the 2019 Conservative Party leadership election showed Boris Johnson favored to win: https://en.wikipedia.org/wiki/Opinion_polling_for_the_2019_Conservative_Party_leadership_election https://en.wikipedia.org/wiki/Opinion_polling_for_the_2019_C... Opinion polling on Brexit showed that it clearly could have gone either way, with a narrow margin between the two options: https://en.wikipedia.org/wiki/Opinion_polling_for_the_United_Kingdom_European_Union_membership_referendum https://en.wikipedia.org/wiki/Opinion_polling_for_the_United... I'm less familiar with Australian politics, but assuming you mean the 2013 election, opinion polls showed the Liberals were clearly in the lead: https://en.wikipedia.org/wiki/Opinion_polling_for_the_2013_Australian_federal_election https://en.wikipedia.org/wiki/Opinion_polling_for_the_2013_A... If people look at data that says "28.6% chance of winning" and they choose to read it as "0% chance of winning," that's not a problem with the way anyone's measuring anything, that's a problem with people trying to treat data as if it's an anecdote.
- sellyme 5y ago> I'm less familiar with Australian politics, but assuming you mean the 2013 election They definitely mean the 2019 election.
- caddemon 5y agoI agree it's a bad example re: the Bezos quote, but I also don't think it's an example of anecdotes leading people astray. IMO it's from the brand of bad pop sci that misinterprets perfectly good data while ranting about how amazing science is and how stupid anecdotes are.
- unishark 5y ago> FiveThirtyEight predicted a 28.6% chance of a Trump victory: This is cherry-picking of the highest widely-known prediction by far, practically an outlier. And I don't think they do any actual polling, just analysis using others' polling data.
- solveit 5y agoI hate to call something gaslighting, but this is gaslighting of the highest order. I am not familiar with Australian politics, but the other three cases were textbook cases of the data saying one thing (Trump might win, BoJo will probably win, and Brexit might happen) and people refusing to believe it. How these get turned to make precisely the opposite point (Not just by you. It happens all the time) never ceases to amaze me. Presumably the thought process is "I and the people I respect build beliefs based on data. I and the people I respect were wrong. Therefore the data was wrong". Unbelievable.
- sien 5y agoThe Australian election results were within the margin of error of the polls. https://www.theguardian.com/australia-news/2019/may/19/voters-across-australia-left-asking-whats-the-deal-with-the-polls https://www.theguardian.com/australia-news/2019/may/19/voter...
- AmericanChopper 5y agoWhat exactly is “the data” that we’re talking about? Is it the measurements that were made, and the methodology used to make them? Or is it the conclusion that something in this case is a “myth”? Because I’d suggest that only one of those things is “the data”, and the other one is a subjective interpretation of it. I’d also suggest that people who have an agenda to promote will often attempt to blur the line as much as possible between empirical measurements, and their own opinions about what they’re supposed to mean.
- solveit 5y agoIn this case, the data I am talking about are the polls. Of course, there's a lot of methodology that goes into designing the polls and the data collection process, but those were basically solid and importantly, not subjective. > I’d also suggest that people who have an agenda to promote will often attempt to blur the line as much as possible between empirical measurements, and their own opinions about what they’re supposed to mean. This ran rampant in all those cases (Trump, BoJo, Brexit), I agree.
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- kibwen 5y agoI assume this is getting downvoted because of its tone, but the sentiment is correct. The statement is nonsense. There can be wisdom in attempting to understand why anecdotes disagree with data, but the vast majority of the time it is simply a combination of selection bias and the human tendency to want to believe things that support your own worldview.
- walkedaway 5y ago> the vast majority of the time it is simply a combination of selection bias and the human tendency to want to believe things that support your own worldview Citation needed. Given Jeff Bezos success in growing a business from scratch, this is clearly one of his secrets and why "Are right, A Lot" is an Amazon leadership principle. I'm always surprised that people are so easy to dismiss insights from successful people.
- CameronNemo 5y agoJust because Bezos knew how to create a successful business, does not make him a successful person.
- michaelmrose 5y agoSteve Jobs was fantastically successful at running a computer company. He's primarily dead because his business sensibilities were astute and on point while his knowledge of heath care was so laughable that one of the worlds wealthiest men ignored reasonable treatments that had a reasonable chance of saving him so long that all the money in the world couldn't. It seems that skill in business does not confer virtue in any other area of life and one ought not give a very successful person extraordinary consideration outside his area of expertise. You have been presented with a thesis that the California exodus is a myth. You have responded with a complete non sequitur quote from a mediocre man about trusting the anecdote vs the data asking us to forget or ignore in order the fact that the idea espoused by the quotation is nonsense, that Bezos wasn't registering an opinion on this topic, you are, and that you have made no argument whatsoever. It is untenable to launder your opinion through a rich dudes mouth and then accuse skeptics of casual dismissal of insights from successful people when people are actually and in fact not dismissing Bezos they are registering their opinion on your comment here today.
- AbrahamParangi 5y agoHere's a translation that may be useful: Just because you can't measure your epistemic error (error in your knowledge, worldview, assumptions, or anything else) doesn't mean it's not there. In my experience it's the #1 source of errors that smart people make.