Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Bad Decisions: Just Blame Evolution?
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Bad Decisions: Just Blame Evolution?
Business Intelligence

Bad Decisions: Just Blame Evolution?

Timo Elliott
Timo Elliott
4 Min Read
SHARE

charles darwin birthday 

February 12th 2009 will mark the 200th anniversary of the birth of naturalist Charles Robert Darwin. He researched, popularized, and will forever be associated with what is probably the biggest idea ever: Evolution.

belief in evolutionDespite the overwhelming evidence, there are still, sadly, many people who don’t believe in it. According to The Economist: "In the United States a Gallup poll conducted last year found that only 14% of people agreed with the proposition that “humans developed over millions of years”, up from 9% in 1982."

At one level, it’s not their fault. Evolution argues, after all, that we are all just meat-based bundles of algorithms designed to perpetual our genes.

More Read

openl tablets
First Look: OpenL Tablets
How To Create Business Value with Analytics
Letter to Operations: no more spreadsheets for Purchasing
Testing to Sell: Meta’s Crusade for Proof in Web Design
Tips for Starting Your Dashboard Layout

It shouldn’t be any surprise that we are sometimes quite astoundingly bad at evaluating data and making decisions.

Here’s just a very short, incomplete, list of some of the things that we know we do badly:

  • We’re far more open to data that confirms our existing beliefs
  • We value things more just because we happen to already own them
  • We value 300 cents more than $3
  • We prefer to let others make decisions for us
  • We prefer to punish others rather than make a gain
  • Even exposure …

charles darwin birthday 

February 12th 2009 will mark the 200th anniversary of the birth of naturalist Charles Robert Darwin. He researched, popularized, and will forever be associated with what is probably the biggest idea ever: Evolution.

belief in evolutionDespite the overwhelming evidence, there are still, sadly, many people who don’t believe in it. According to The Economist: "In the United States a Gallup poll conducted last year found that only 14% of people agreed with the proposition that “humans developed over millions of years”, up from 9% in 1982."

At one level, it’s not their fault. Evolution argues, after all, that we are all just meat-based bundles of algorithms designed to perpetual our genes.

It shouldn’t be any surprise that we are sometimes quite astoundingly bad at evaluating data and making decisions.

Here’s just a very short, incomplete, list of some of the things that we know we do badly:

  • We’re far more open to data that confirms our existing beliefs
  • We value things more just because we happen to already own them
  • We value 300 cents more than $3
  • We prefer to let others make decisions for us
  • We prefer to punish others rather than make a gain
  • Even exposure to random numbers can influence decisions

So, ironically, a refusal to accept the theory of evolution might actually be viewed as evidence for its existence. Certain types of belief and superstition appear to be (or to have been) more important for long-term survival than simple logic. Or maybe the observed problems are unfortunate side-effects of more important algorithms.

Technology Needs to Make up for Flawed Human Beings

All this has consequences on business intelligence. Ultimately, there’s no point in investing a fortune in providing the right information, at the right time, to the right person if they are going to brazenly ignore or misinterpret it.

strategic decision

Technology obviously can’t “fix people,” but should do a better job of helping us detect and avoid situations where our natural decision processes may go wrong.

___________________________________________

Image credit: cake by robokow

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Hidden AI, a risk?
Hidden AI, Real Risk: A Governance Roadmap For Mid-Market Organizations
Artificial Intelligence Exclusive Infographic
unusual trading activity
Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
Analytics Exclusive Infographic
Ai agents
AI Agent Trends Shaping Data-Driven Businesses
Artificial Intelligence Exclusive Infographic
Why Businesses Are Using Data to Rethink Office Operations
Why Businesses Are Using Data to Rethink Office Operations
Big Data Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Training IS a Best Practice – Not Just a Component

5 Min Read
social media and ai
News

Can AI Help Make Social Media Healthier?

6 Min Read

11 Parallels Between Architecture and Interface Design

7 Min Read

SaaS Business Process Outsourcing Buying Attitude

3 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?