Date post: | 20-Aug-2015 |
Category: |
Business |
Upload: | 33voicescom |
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@33voices / www.33voices.com / [email protected]
NOTE:The following represents ten highlights
from the interview by @MoeAbdou, founder & host of 33voices®.
Click to stream audio
CharlesWheelan
Former correspondent for The Economist, current columnist for Yahoo!, and professor at the
Harris School of Public Policy at the University of
Chicago.
33voices.com/Charles-Wheelan
Everything that matters to you
requires data.Reframe how you look at statistics,
it’s a tool.
No.1
33voices.com/Charles-WheelanNo.2
Data is inescapable, and great data is course changing.But, it’s your judgement in the end that makes the biggest difference.
33voices.com/Charles-WheelanNo.3
The certainty about data is that
it doesn’t lie.It’s people who lie and manipulate the numbers.
33voices.com/Charles-WheelanNo.4
Don’t misinterpret statistics that involve the mean and median –
they each have their play, and are situation specific.
33voices.com/Charles-WheelanNo.5
Insurance, for example, is a good idea but a bad bet.
Don’t insure things that you can afford to lose.
33voices.com/Charles-WheelanNo.6
Be aware that controlled experiments on things you care about don’t work –
There’s too much bias.
33voices.com/Charles-WheelanNo.7
Data can be manipulative; especially when it’s consumer related.
Make privacy issues a top priority.
33voices.com/Charles-WheelanNo.8
You can’t manage what you don’t measure –and the more important a metric is,
the more likely it will trigger a change in behavior.
33voices.com/Charles-WheelanNo.8
You can’t manage what you don’t measure –and the more important a metric is,
the more likely it will trigger a change in behavior.
33voicesCharles Wheelan - You can’t manage wha...
33voices.com/Charles-WheelanNo.9
Keep in mind that a very good decision can go wrong –and a risky decision can prove worthy.
33voices.com/Charles-WheelanNo.10
Statistics are a business’ secret weapon, but as consumers, it’s time to take notice that each action that you take is being logged.
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