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Mauboussin and Callahan said that to overcome this, humans have to learn when patterns are useful, and when they trick us.
"You have to know when they are useful and when they are not".
I think the kind of speculation that mainly involves trying to guess what everyone else is going to be thinking a few months from now is not especially useful, and when it starts to dominate markets—as it did during the stock-market bubble, for instance—it's very easy for markets to get out of whack.
I think the kind of speculation that mainly involves trying to guess what everyone else is going to be thinking a few months from now is not especially useful, and when it starts to dominate markets — as it did during the stock-market bubble, for instance — it's very easy for markets to get out of whack.
In addition, we discuss when meta-analyses are useful and when they are not.
Darren and I will discuss and post our guaranteed thoughtful, compassionate, hopefully useful, and, when appropriate, humorous replies.
Similar(49)
"They are tools that we use when they're useful, and not when they're not.
"Useful … And when we retire here in 20 years, are we no longer useful?" Michaela Frye is similarly useful.
You gotta be useful if and when the time comes.
Currently, methods like the protocol we describe are most useful and informative when applied within individual studies.
This information should be especially useful and considered when an almost fully automated SELEX procedure is planned.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com