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"Here's where it gets a bit tricky, and remember that I'm only trying to reverse engineer why we're observing that it doesn't work. I don't have all the answers
by darkxanthos 14y ago
"Here's where it gets a bit tricky, and remember that I'm only trying to reverse engineer why we're observing that it doesn't work. I don't have all the answers."
This is also known as rationalizing. What would be powerful would be to predict company failure using this as the sole criteria and demonstrating a significant deviation.
I haven't seen that yet, but I'd love to if the data exists.
- DanielBMarkham 14y agoAuthor here. It might be rationalizing if I wanted the outcome to be a certain way. I actually do not like this outcome, as noted in the article. This is pattern recognition. Of course, there are many variables, and correlation doesn't equal causation. Still, as rational actors we are forced to give it our best guess using data, anecdotal or otherwise. Simply because "it feels good" doesn't make it better -- or worse.
- darkxanthos 14y agoThe problem is that humans aren't pattern recognizing machines, they're pattern projecting machines hence the proliferation of many types of biases.