Many of them are pretty new, or at least have only recently been cleanly reformulated.
Many people’s actual and professed goals are disjoint, and most of these people are deluded, not hypocrites.
The individual techniques each only give relatively small advantages, on average, and given the vastly greater number of people who’ve never heard of these techniques they’ll dominate success.
Inertia is high and people generally don’t change their behaviour except in response to personal experience. Until they see personally someone using these techniques and talking about them they will not be used.
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Related to the companies question; some are, but they’re either new or small. Changing a companies internal culture or working processes is wrenchingly hard to really do, and requires real enduring commitment. Robin Hanson gets some consulting work out of prediction markets, Google is possibly the most data driven company in the world for making decisions, but mostly the answer is;
This stuff is new and hard, people mostly don’t want to rock the boat or look stupid, and the overwhelming majority of people work in companies that work pretty well as they are.
Hi. Came here via Overcoming Bias. I’ve been reading for a long time but I haven’t made the effort to go through the sequences. (On that note, is the essence of the “Mysterious Answers to Mysterious Questions” sequence that if you don’t have a better predictive model at the finish than at the start, the answer is meaningless?)
I’m almost certainly moving to Germany to do an Economics Masters shortly but I’m interested in learning to programme because it seems like a productive skill in a way that Economics mostly isn’t (Econometrics and to a lesser extent Microeconomics excepted).
So. I think that it would be possible to combine my studies with programming and Machine Learning and Statitics in a not-totally-insane way. Any tips on that would be great, as would the opportunity to talk, chat or otherwise communicate with someone in Germany, native or expat.