Comment by zelphirkalt

Comment by zelphirkalt 5 days ago

One shouldn't claim to be "data-driven", when one doesn't have a clue what that means. Just admit, that you will follow the leader's gut feeling at this company then.

closewith 5 days ago

In all cases, data-driven means we establish context for our gut decisions. In the end, it's always a judgement call.

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khafra 5 days ago

Robin Hanson recently related the story of a firm which actually made data-driven decisions, back in the early 80's: https://www.overcomingbias.com/p/hail-jeffrey-wernick
It went really well, and then nobody ever tried it again.

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- closewith 5 days ago
  
  That's a counter-example. The prediction markets were used to inform gut feelings, not controlling the company, and in the end, when he wanted to stop, he stopped following the markets and shut the company.
  
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