Science of CEO success?, drug valuation kerfuffle, and event attribution science.
Health innovation, foster teens, NBA, Gwyneth Paltrow.
1. Management research: Alchemy → Chemistry? McKinsey’s Michael Birshan and Thomas Meakin set out to “take a data-driven look” at the strategic moves of newly appointed CEOs, and how those moves influenced company returns. The accompanying podcast (with transcript), CEO transitions: The science of success, says “A lot of the existing literature is quite qualitative, […]
Business coaching, manipulating memory for market research, and female VCs.
1. Behavioral economics → Healthcare innovation. Jaan Sidorov (@DisMgtCareBlog) writes on the @Health_Affairs blog about roadblocks to healthcare innovation. Behavioral economics can help us truly understand resistance to change, including unconscious bias, so valuable improvements will gain more traction. Sidoro offers concise explanations of hyperbolic discounting, experience weighting, social utility, predictive value, and other relevant […]
Baseball analytics and AI for actuary decisions.
1. Systematic review: Does business coaching make a difference? In PLOSOne, Grover and Furnham present findings of their systematic review of coaching impacts within organizations. They found glimmers of hope for positive results from coaching, but also spotted numerous holes in research designs and data quality. Over the years, outcome measures have included job satisfaction, […]
The Cardinal Sin of data science, and cognitive bias in 5 easy steps.
1. What new analytics are fueling baseball decisions? [I spoke at Nerd Nite SF about recent developments in baseball analytics. -Tracy Allison Altman, Ed.] Highlights from my talk: – Data science and baseball analytics are following similar trajectories. There’s more and more data, but people struggle to find predictive value. Oftentimes, executives are less familiar […]
Are you causing a ripple? How to assess the impact of research.
1. Confusing correlation with causation is not the Cardinal Sin of data science, say Gregory Piatetsky (@kdnuggets) and Anmol Rajpurohit (@hey_anmol): It’s overfitting. Oftentimes, researchers “test numerous hypotheses without proper statistical control, until they happen to find something interesting and report it. Not surprisingly, next time the effect, which was (at least partly) due to […]
Academic clickbait, FCC doesn’t use economics, and tobacco surcharges don’t work.
People are recognizing the critical need for meta-research, or the ‘science of science’. One focus area is understanding whether research produces desired outcomes, and identifying how to ensure that truly happens going forward. Research impact assessment (RIA) is particularly important when holding organizations accountable for their management of public and donor funding. An RIA community […]
Stand up for science, evidence for surgery, and cognitive computing for execs.
1. Academics use crazy tricks for clickbait. Turn to @TheWinnower for an insightful analysis of academic article titles, and how their authors sometimes mimic techniques used for clickbait. Positively framed titles (those stating a specific finding) fare better than vague ones: For example, ‘smoking causes lung cancer’ vs. ‘the relationship between smoking and lung cancer’. […]
Brain training isn’t smart, physician peer pressure, and #AskforEvidence.
1. Know someone who effectively promotes evidence? Nominations are open for the 2016 John Maddox Prize for Standing up for Science, recognizing an individual who promotes sound science and evidence on a matter of public interest, facing difficulty or hostility in doing so. Researchers in any area of science or engineering, or those who work […]
Open innovation, the value of pharmaceuticals, and liberal-vs-conservative stalemates.
1. Spending $ on brain training isn’t so smart. It seems impossible to listen to NPR without hearing from their sponsor, Lumosity, the brain-training company. The target demo is spot on: NPR will be the first to tell you its listeners are the “nation’s best and brightest”. And bright people don’t want to slow down. […]
1. Open Innovation can up your game. Open Innovation → Better Evidence. Scientists with an agricultural company tell a fascinating story about open innovation success. Improving Analytics Capabilities Through Crowdsourcing (Sloan Review) describes a years-long effort to tap into expertise outside the organization. Over eight years, Syngenta used open-innovation platforms to develop a dozen data-analytics […]