Open Thoughts on Analytics
MAR 26, 2012 9:24am ET

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We’re Not Very Good Statisticians


I’ve received several emails/comments about my recent series of blogs on Duncan Watts’ interesting book “Everything is Obvious: *Once You Know the Answer -- How Common Sense Fails Us.” Watts’ thesis is that the common sense that generally guides us well for life’s simple, mundane tasks often fails miserably when decisions get more complicated.

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Comments (1)
Thank you for coverage of 'Thinking Fast and Slow' - it is an excellent book. One point Dr. Kahneman made - there are circumstances in which, while the outcome may not be as desired, the decision was made via an appropriate method and mechanism. I wonder how willing corporations will be to shift their corporate culture to accept this perspective? Or will it ever be acceptable - even though it is correct?
Posted by Gary B | Tuesday, March 27 2012 at 1:39PM ET
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