I am analytically reading The Signal And The Noise By Nate Silver a couple of pages each evening and the author was discussing the financial crisis of 2008 and how human beings have a capacity to ignore or avoid risks or dangers that can be life-altering.
“The major difference between a thing that might go wrong and a thing that cannot possibly go wrong is that when a thing cannot possibly go wrong it usually turns out to be impossible to get at or repair.”
There has been so much comment and analysis of the meltdown of 2008-2009, but I believe that we need to look at ourselves and see if we are looking at things or situations in our lives and how if things went totally south how it would affect our lives.
- Nate Silver’s advice for avoiding big data pitfalls (bizjournals.com)
- Nate Silver: “The Signal and the Noise”, Authors at Google (ritholtz.com)
- How Nate Silver Brought Analytics To The Masses (business2community.com)