The World's Best Book Summaries
How does Invisible Women define data bias? How does data bias hurt women on a healthcare and safety level? As explained in Invisible Women, data bias occurs when socio-cultural prejudices affect systematic processes. The author, Caroline Criado Perez, specifically talks about how a lack of information about the female experience affects women’s health, safety, and economic standing. Continue reading to learn more about gender data bias.
What are the benefits of big data? Do you want to know how to use data well? Despite all of the potential advantages, Seth Stephens-Davidowitz acknowledges that it’s easy to use big data ineffectively. To get the most out of big data, Stephens-Davidowitz says you should focus on its four main benefits: new types of information, unprecedented honesty, high resolution, and easy cause-effect analysis. Keep reading for the four benefits of big data that are explained in Everybody Lies.
Why are words important? How does data use words? Words have always been used as data, but big data allows researchers to study more words, especially on search engines. Without words, we wouldn’t be able to use search engines to discover the truth about people. Learn why words are important, according to Seth Stephens-Davidowitz in his book Everybody Lies.
What exactly is data? Can people and images be data? In Everybody Lies, Seth Stephen-Davidowitz says that new technology is allowing us to turn more things into data. He further explains how bodies and images can now be used as data. Keep reading to learn how everything is data.
What happens when you use data for unethical reasons? What are the drawbacks and dangers of big data? Even though Seth Stephens-Davidowitz is openly enthusiastic about data studies, he’s aware that data has drawbacks and limitations and can lead to great harm if used unethically. In Everybody Lies, he explores some cases where these dangers have come to pass. Read below for unethical use of data examples.
What is the future of population growth? How does population affect the economy? In Capital in the Twenty-First Century, Thomas Piketty says that population growth will likely slow in future decades. This means that production will slow down and the capital-to-income ratio will rise. Check out why the future of population growth is essential for the economy.
How much of life is random? What can be gained by accepting that randomness? You could understand anything in the world by learning a finite set of rules and patterns that apply to all aspects of life. That’s the premise of The Great Mental Models series of books from Farnham Street (FS), a website dedicated to timeless knowledge and insightful ideas. The Great Mental Models Volume 3 argues that we can benefit by accepting that most of life is random. The benefits include making better decisions, making fewer prediction errors, and enjoying more creativity. Keep reading to learn more about what
As you go through life, how clearly are you seeing things? Are you seeing them in their true and full context? You’ll stand the best chance of success if you have an accurate view of the world. Unfortunately, because each of us has a limited perspective, sometimes it’s hard to see the big picture—and easy to misinterpret some situations as a result. The Great Mental Models Volume 3 argues that understanding distributions—a model drawn from mathematics—can help us see the big picture more clearly. The basic idea is that, by thinking statistically, you’ll have a clearer context for the things
What is fundamental analysis in trading? Is it possible to predict the market based solely on what fundamental analysis says? Fundamental analysis predicts what the market will do based solely on what mathematical models say is logical. However, traders’ behavior is far from logical, which is why fundamental analysis alone is not enough to predict what happens in the market. Here’s why you can’t predict the market based on fundamental analysis alone.
What is the power law? How should it influence your planning? The power law is an exponential growth pattern that illustrates how power or size is distributed. The principle has particular application for startups and venture capital, and it can inform investing in general. Keep reading to learn about the power law and how it applies to business and investing.