Assumptions

11 months, 21 days ago

Models, assumptions, risks and consequences.

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Expressing real life situations as mathematical models drive decisions on how to respond appropriately. Assumptions are not facts but do have a probability of occurring. Confidence in a model is an important factor of both the likelihood of the assumptions being correct and the quality and quantity of the data … Continue reading →

5 years, 2 months ago

Ignorance Isn’t Bliss, Just Good Tactics

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There’s an old saying about what happens when you assume. The fast lane to asininity seems to run through the land of hubris. Anshu Sharma’s Tech Crunch article, “Why Big Companies Keep Failing: The Stack Fallacy”, illustrates this: Stack fallacy has caused many companies to attempt to capture new markets and fail spectacularly. When you […]