Why ‘Data-Driven Decisions’ Are a Myth
Data Driven23 Kesä

Why ‘Data-Driven Decisions’ Are a Myth

This week, we dive deep into the world of data, decision-making, and uncertainty with Dale Nesbitt, a lecturer at Stanford and principal at Arrowhead Economics.

Drawing on his unique upbringing in a mining town, Dale Nesbitt shares how witnessing raw data collection firsthand shaped his perspective on what it really takes to make informed decisions—hint: it's not just about having more data.

Together, we explore the pitfalls of relying solely on data for critical choices, the importance of understanding probability and risk, and why data-gathering itself is often a noisy and imperfect process.

From commodity pricing and speculation in oil markets to the real-world impact of data-driven decisions in healthcare, Dale Nesbitt reveals why true analytic power comes from combining rigorous analysis, sound judgment, and the right kind of data—not just more of it.

Join us as we challenge myths around "data-driven" decisions, unpack lessons from COVID-era data science, and discover why wisdom of the crowd, probability, and a healthy respect for uncertainty are key to navigating our data-rich world.

Links


Time Stamps

00:00 Growing up in a mining town

05:44 Data as the New Crude Oil

07:31 Estimating and Understanding Stochastic Processes

12:49 Impact of Strait of Hormuz Closure

14:19 Challenges of AI in Economics

17:05 Betting on events and elections

21:43 Bayesian analysis and hydroxychloroquine data

23:28 Understanding data and judgment

26:38 Analyzing data for better decisions

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(300)

Exploring the Collision of AI and DevOps Worlds at KubeCon North America Day Zero

Exploring the Collision of AI and DevOps Worlds at KubeCon North America Day Zero

Welcome to a special episode of Data Driven, coming to you from day zero of KubeCon North America 2026 in Salt Lake City. The conversation focused on the evolving intersection between data, AI, and De...

9 Marras 4min

Your SQL Is Correct. Why Is Your Report Wrong?

Your SQL Is Correct. Why Is Your Report Wrong?

Welcome to another episode of Data Driven, the podcast where the worlds of artificial intelligence, data science, and data engineering intersect. In this episode, the conversation focused on the cruci...

9 Marras 38min

Human Oversight in AI Agents – Addressing Trust, Authorization, and Enterprise Governance

Human Oversight in AI Agents – Addressing Trust, Authorization, and Enterprise Governance

The conversation focused on the complex realities of deploying AI agents in enterprise environments, moving beyond the hype to examine what these agents should be allowed to do versus what they can do...

3 Marras 44min

Your Security Model Is Stuck in the ’80s. AI Isn’t.

Your Security Model Is Stuck in the ’80s. AI Isn’t.

In this episode of Data Driven, Frank La Vigne talks with Richard Luna, CEO of Protected Harbor, about why security built around keeping attackers outside a network leaves organizations exposed once s...

5 Loka 50min

Beyond Dashboards – How Decision Intelligence Optimizes Industrial Asset Risk

Beyond Dashboards – How Decision Intelligence Optimizes Industrial Asset Risk

In this episode of Data Driven, host Frank La Vigne sits down with Andy Pruett, co-founder and CEO of Lumiscent, to explore a topic often overlooked in the industrial sector: it’s not a data problem—i...

29 Syys 50min

How Compliance Became Cool: Richa Kaul on Security, Privacy, and AI

How Compliance Became Cool: Richa Kaul on Security, Privacy, and AI

Welcome back to "Data Driven," the podcast where we explore the cutting edge of data science, AI, and the rapidly evolving world of data governance.In this episode, we sit down with Richa Kaul, founde...

21 Syys 45min

Why Business Knowledge Beats Tool Complexity in the AI Era

Why Business Knowledge Beats Tool Complexity in the AI Era

Welcome back to Data Driven, the podcast where we dive deep into the evolving worlds of data science, business intelligence, and artificial intelligence. In this episode, host Frank La Vigne sits down...

16 Syys 54min

Bridging AI and Human Intelligence – Multicolor Lasers and the Future of Photonic Computing

Bridging AI and Human Intelligence – Multicolor Lasers and the Future of Photonic Computing

Welcome to another episode of Impact Quantum, where we explore the cutting edge of quantum computing and emerging technologies reshaping our world.Today, co-hosts Frank La Vigne and Candace Gillhoolle...

15 Syys 54min

Suosittua kategoriassa Tiede

rss-mita-tulisi-tietaa
utelias-mieli
rss-hereilla
tiedekulma-podcast
hippokrateen-vastaanotolla
university-of-eastern-finland
rss-kasvikutsut
rss-jyvaskylan-yliopisto
rss-ruoka-murroksessa
vinkista-vihia
rss-poliisin-mieli
docemilia
rss-duodecim-lehti
rss-vaasan-yliopiston-podcastit
rss-lihavuudesta-podcast
rss-yleislaakarin-sydanaanet
rss-ylistys-elaimille
rss-kasvatuspsykologiaa-kaikille
rss-ilmasto-kriisissa
radio-antro