WaPo – Nobel Prize-winning psychologist to CEOs – Don’t be so quick to go with your gut

https://www.washingtonpost.com/business/2019/03/04/nobel-prize-winning-psychologist-ceos-dont-be-so-quick-go-with-your-gut/?utm_term=.de7528b97165 https://sloanreview.mit.edu/article/a-structured-approach-to-strategic-decisions/?utm_medium=referral&utm_source=washpo&utm_campaign=Kahn0319 (free version of this no longer available … that I can find) https://www.nytimes.com/2011/11/27/books/review/thinking-fast-and-slow-by-daniel-kahneman-book-review.html https://www.chronicle.com/article/The-Anatomy-of-Influence/129688 Daniel Kahneman and Amos Tversky (Nobel Prize 2002 psychologists) upended the notion that human beings are rational decision-makers This work influenced how medical decisions made, political scientists think about foreign policy, investors evaluate investment risks Kahneman  with two others wrote … Continue reading WaPo – Nobel Prize-winning psychologist to CEOs – Don’t be so quick to go with your gut

NPR – Statisticians Call To Arms – Reject Significance And Embrace Uncertainty

https://www.npr.org/sections/health-shots/2019/03/20/705191851/statisticians-call-to-arms-reject-significance-and-embrace-uncertainty https://amstat.tandfonline.com/toc/utas20/current https://www.nature.com/articles/d41586-019-00857-9 Why do studies often flip-flop from one answer to another? one reason for the fluctuations is that scientists have a hard time handling the uncertainty It is being suggest to ban the very concept of "statistical significance." declaring a result to be statistically significant or not essentially forces complicated questions to be … Continue reading NPR – Statisticians Call To Arms – Reject Significance And Embrace Uncertainty

NPR – Software Is Everywhere, But It’s Not Always an Upgrade

https://www.npr.org/2019/03/24/705966447/software-is-everywhere-but-its-not-always-an-upgrade  software is everywhere, sometimes doing things we don't expect.  the Volkswagen diesel emissions scandal, turned out that software inside the cars had been running the engines in such a way as to cheat on emissions tests While possible for manufacturers to use software dishonestlya a more common problem is software that's used to enable … Continue reading NPR – Software Is Everywhere, But It’s Not Always an Upgrade

WSJ – How Estimates of the Gig Economy Went Wrong

https://www.wsj.com/articles/how-estimates-of-the-gig-economy-went-wrong-11546857000 https://www.wsj.com/articles/was-the-gig-economy-overblown-1528403201?mod=article_inline https://scholar.harvard.edu/files/lkatz/files/rsage_freeman_draft_v10_new.pdf Alan Krueger of Princeton University and Lawrence Katz of Harvard, experts on 'gig economy' say their estimates of its impact were too high in 2015 survey they overestimated how people using jobs, especially via apps like Uber, would upend traditional work arrangements Krueger and Katz now explain how the thesis itself was … Continue reading WSJ – How Estimates of the Gig Economy Went Wrong

Farsighted – How We Make the Decisions that Matter the Most – Steven Johnson

https://www.amazon.com/gp/product/1594488215/ref=ppx_yo_dt_b_asin_title_o01__o00_s00?ie=UTF8&psc=1 What a good book on "thinking about thinking".  Below is a summary of the book above (which is 218 pages) Intro – Moral Algebra A growing scientific field called "decision theory" – roots in economics, behavioral psychology, neuroscience – codifying a number of frameworks for making long-term decisions Create a list of pros and … Continue reading Farsighted – How We Make the Decisions that Matter the Most – Steven Johnson

WSJ – The Country’s R&D Agenda Could Use a Shake-Up

https://www.wsj.com/articles/the-countrys-r-d-agenda-could-use-a-shake-up-scientists-say-11545483780?emailToken=3b602f0a642f5420b507779330c6bbd3QPof7GYfmnUQXlKFXSyahL5Z4yow4fRre6+h5TCvJzQ/AX9CTQB8uuolFWNtLmObiud6BC+MpuBSbtQyi80aCAmqJGrZjfFTqtxzDPOi1I1maQbOEPIg/CEPLSx7Mk/L&reflink=article_gmail_share U.S. federal research is split among dozens of agencies and departments, a hodgepodge that scientists say has some advantages because it promotes competition The U.S. is spending roughly $1 billion to $2 billion annually, much of it federal funds, to build the first "exascale" supercomputer—capable of a quintillion calculations a second, which is at … Continue reading WSJ – The Country’s R&D Agenda Could Use a Shake-Up

WSJ – American Tech Firms are Winning the R&D Spending Race with China

https://www.wsj.com/articles/american-tech-firms-are-winning-the-r-d-spending-race-with-china-1540873318?emailToken=733a85d5bba8a4beabc062c97f85ad52dH/gYnhWDZGoik+flfNPYpw93WYplWJhcU97Wky9298kMSa7wG/LhAWroeRyKH+x6KQieb4rKJURvmVuCEmdcSfKnh5Nj4XRvPidlv59HVGMFDJp8r7GIijYaUwL+i9G&reflink=article_gmail_share American companies maintain a major advantage over their Chinese rivals in a critical area: spending on research and development  invested more than $5 in R&D for every $1 spent by Chinese companies - report from PricewaterhouseCoopers Chinese Baidu, Tencent, Alibaba each spent less than at least 44 other companies reflects an approach toward innovation by … Continue reading WSJ – American Tech Firms are Winning the R&D Spending Race with China