mcrad

15 ms·

91.
by mcrad 7y ago
> Hiring someone into a high responsibility role based on education rather than experience and proven ability. I don't see why you would do that... What does that have to do with MBA's? The tech industry is littered with folks
92.
by mcrad 7y ago
Our economic system is literally designed for companies to compete with one another. The less fair the competition, the more collusion and corruption, the less stable the market is.
93.
by mcrad 7y ago
So True. Unfortunately the media has convinced the masses to adopt political parties as their modern version of religion. Any atheist with half a brain can see how dangerous it is to put all faith and trust in the political class.
94.
by mcrad 8y ago
No. The "ownership" goal should be within the company. Does Legal own it? Does so-called Product own it? Does Engineering own it? Data Science? Ad clients? Without better governance, you will have misuse. And at some point you hav
95.
by mcrad 8y ago
So there's no problem with Silicon Valley, just with "capitalism" itself? Yes, access to capital is good business. But I think they are saying that the stock market is what determines winners and losers in a properly function
96.
by mcrad 8y ago
Well in one sense "managers capitalism" isn't capitalism at all. It's the principal-agent problem in the extreme. The basic point of capitalism is to distribute power and decision making as much as possible. That's
97.
by mcrad 8y ago
How is rampart fraud here unrelated to LTV? Seems quite obvious to me they are intertwined.
98.
by mcrad 8y ago
Cool, thanks. I suppose financial/risk modeling is also primarily "feature engineering"; I've just never seen it as separate from the modeling itself. Perhaps it's because I've typically been as involved in the
99.
by mcrad 8y ago
Used to work in machine vision so I do kind of understand the basics of model development and testing. Hope your PM situation improves :)
100.
by mcrad 8y ago
By the same token, your comment reminds me of an engineer who puts serious effort into making his work look more important than it is. Even the term "feature engineering" is pretty ridiculous. As if academics found real-world data
101.
by mcrad 8y ago
Fun fact: Nike's mission is to do everything possible to expand human potential. https://www.economist.com/business/2018/08/02/mission-implau...
102.
by mcrad 8y ago
You mean, fb/google have monopolistic power over the advertisers and since advertisers are generally not our friends, then go for it, let them pay up?
103.
by mcrad 8y ago
> All I see is a big push to vilify tech companies so politicians can look like they're for the little guy. The more popular opinion is that we need improved checks and balances in a major sector of the economy in order to keep it s
104.
by mcrad 8y ago
Am I the only one irked by the concept of beautiful SQL? SQL is beautiful by itself. Pick a style (indents,caps,whatever) that fits the project at hand. I have found it useful to write the more mundane parts of a project like a regular para
105.
by mcrad 8y ago
Micro-economics. I suppose the point is if you aren't applying expertise in psychology then it's not "behavioral"; however, big data is essentially the push to model your behavior to greater level of precision (nano-econ
106.
by mcrad 8y ago
I tend to think this is perfectly correlated with the rise of Big Data. Just as banks scored your likelihood to repay a loan based on your past behavior, marketeers want to score your economic value based on the same and more (transaction h
107.
by mcrad 8y ago
CSR? The one and only "social responsibility" they have is to get the benjamins. Wishing for the corporate money machine to root out evil or educate the poor or champion gay rights or take whatever political stance you like (or re
108.
by mcrad 8y ago
Most marketing is borderline deceptive. I'd venture a guess that most of IP customers are eduacted enough to know that, and are buying the service based on its more tangible benefits (ie. not to save the world)
109.
by mcrad 8y ago
This is to say that data mining analytics in business context is far more akin to journalism than data "science"
110.
by mcrad 8y ago
As someone with a broad database development background, but with little experience shipping "software" I totally agree with the sentiment of the article. A working prototype can be as simple a handful of shell scripts that write
111.
by mcrad 8y ago
Interesting. I thought the point of the article was about a manipulative business model and its corresponding damage to society. Looking at your individual experience compared to another's is irrelevant.
112.
by mcrad 8y ago
So you agree the business model is manipulative, but that the ones being manipulated should be the "target to blame" for their stupidity?
113.
by mcrad 8y ago
Science is more of an institution than what you are describing like some isolated act of making a prediction
114.
by mcrad 8y ago
> In all seriousness, why can't data science simply be about applying the scientific method in the realm of data analysis? I suppose someone who isn't very smart is staffing data analysts with little understanding of science. M
115.
by mcrad 8y ago
It is a hybrid of software engineering and stats. Calling it science is a stretch. I can understand if you are solving problems in a traditional scientific field, but if you are doing economic modeling to manage investment risk and optimize
116.
by mcrad 8y ago
Good point. Would rather prefer the tribal war you refer to is nonexistent.
117.
by mcrad 8y ago
Really enraged? I'm not exactly sure what "progressivism" is but seems like accepting financial responsibility for one's own lunch and/or supporting the local deli is far more akin to conservatism.
118.
by mcrad 8y ago
Put this way. Sophisticated data mining feeding models that forecast the value of your startup or large customer base.....ain’t science. No amount of ML icing on the cake is going to make the (economic) forecast more accurate. It’s good jou
119.
by mcrad 8y ago
> Ultimately, my main point is that economics is so hard that even our best results are pretty bad, and marginally useful. That’s a very interesting point. Most would consider Econ a “soft science” because it is less like physical scienc
120.
by mcrad 8y ago
Well it’s great that they do more than just design experiments and hack p-vales all day;) Geez, had no idea it was such a controversial statement. What do you want to say, every application of math or coding counts as science? https:/

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