Archive for the ‘Algorithms – algoritmic applications’ Category

Nums: A world of battling algorithms

February 21, 2017

In my SBA course, we explored how human judgment and decision-making can often be outperformed by out-performed by algorithms, especially in oft-repeated data-rich situations which are largely rules-based.

In a cool 15 minute TED Talk (my all time favorite), tech entrepreneur Kevin Slavin tells how algorithms have reached across industries and into every day life.

A couple of lines caught my attention:

  • There are more than 2,000 physicists working on Wall Street developing operational algorithms
  • Massive scale speed trading is dependent on millisecond read & respond rates …
  • So, firms are physically literally locating right next to internet routing hubs to cut transmission times
  • And, of course, there isn’t time for human intervention and control
  • “We may be building whole worlds we don’t really understand, and can’t control.”

Worth listening to this pitch … a very engaging geek who may be onto something big.

click  to view video
image

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Follow on Twitter @KenHoma        >> Latest Posts

Hiring: Don’t trust your gut……

October 15, 2015

According to an HBR article “In Hiring, Algorithms Beat Instinct” …

Studies of applicant evaluations shows that a simple equation outperforms human decisions by at least 25%.

And, the effect holds in any situation with a large number of candidates, regardless of whether the job is on the front line, in middle management, or (yes) inthe C~suite.

 

clip_image001

 

Why is that?

(more…)

Hiring: Don’t trust your gut……

June 26, 2014

According to an HBR article “In Hiring, Algorithms Beat Instinct” …

Studies of applicant evaluations shows that a simple equation outperforms human decisions by at least 25%.

And, the effect holds in any situation with a large number of candidates, regardless of whether the job is on the front line, in middle management, or (yes) inthe C~suite.

 

clip_image001

 

Why is that?

(more…)

Nums: A world of battling algorithms

February 26, 2013

I’ve been getting back into behavioral economics and predictive analytics.

Led me back to a cool 15 minute TED Talk.

Tech entrepreneur Kevin Slavin tells how algorithms have reached across industries and into every day life.

A couple of lines caught my attention:

  • There are more than 2,000 physicists working on Wall Street developing operational algorithms
  • Massive scale speed trading is dependent on millisecond read & respond rates …
  • So, firms are physically literally locating right next to internet routing hubs to cut transmission times
  • And, of course, there isn’t time for human intervention and control
  • “We may be building whole worlds we don’t really understand, and can’t control.”

Worth listening to this pitch … a very engaging geek who may be onto something big.

* * * * *
Follow on Twitter @KenHoma               >> Latest Posts

Nums: A world of battling algorithms

December 27, 2012

In a cool 15 minute TED Talk, tech entrepreneur Kevin Slavin tells how algorithms have reached across industries and into every day life.

A couple of lines caught my attention:

  • There are more than 2,000 physicists working on Wall Street developing operational algorithms
  • Massive scale speed trading is dependent on millisecond read & respond rates …
  • So, firms are physically literally locating right next to internet routing hubs to cut transmission times
  • And, of course, there isn’t time for human intervention and control
  • “We may be building whole worlds we don’t really understand, and can’t control.”

Worth listening to this pitch … a very engaging geek who may be onto something big.

click the pic to view video
image

* * * * *
Follow on Twitter @KenHoma        >> Latest Posts