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Business Technology: So, What's Your Algorithm? | Wall Street Journal

This is a discussion on Business Technology: So, What's Your Algorithm? | Wall Street Journal within the Analytic News Feeds forums, part of the Analytics category; By* DENNIS K. BERMAN We are ruined by our own biases. When making decisions, we see what we want, ignore probabilities, and minimize risks that uproot our hopes. What's worse, ...


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Old 5th January 2012, 09:17 AM   #1
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Default Business Technology: So, What's Your Algorithm? | Wall Street Journal

By*DENNIS K. BERMAN

We are ruined by our own biases. When making decisions, we see what we want, ignore probabilities, and minimize risks that uproot our hopes.

What's worse, "we are often confident even when we are wrong," writes Daniel Kahneman, in his masterful new book on psychology and economics called "Thinking, Fast and Slow."

An objective…



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