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Never Trust a Single Number

12 June, 2018 by James Lawther 1 Comment

Big Point Metric

Dubious statistics Journalists love to use single numbers, they do it all the time: Three British women will get pioneering womb transplants 4,000 foreign criminals including murderers and rapists we can’t throw out  NHS hospitals save £400,000 by switching to same brand of surgical gloves But single numbers are meaningless.  People quote point metrics and […]

Filed Under: Blog, Operations Analysis Tagged With: availability heuristic, data presentation, measurement, point measure

A Sense of Perspective

4 June, 2018 by James Lawther 1 Comment

Burkini

Fear of the new We don’t like things that are new or unusual.  It is part of our nature.  When we were cavemen, it paid to be risk averse.  New things could bite us, so we preferred what we knew.  The status quo made us feel safe. That is why we invest in risk and control departments.  […]

Filed Under: Blog, Operations Analysis Tagged With: availability heuristic, pareto principle, perceived risk, what don't you see

How to Miss the Point

26 January, 2013 by James Lawther 7 Comments

Malnourishment

A tragedy On the 14th December 2012 in Newtown Connecticut, Adam Lanza shot and killed his mother.  He then drove to Sandy Hook Elementary School where he murdered twenty-six children and six adults.  Finally he committed suicide by shooting himself in the head. Twenty-eight senseless deaths. Wikipedia describes the what happened that day.  It was […]

Filed Under: Blog, Operations Analysis Tagged With: availability heuristic, data is not information, human nature, medicine

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