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April 18, 2021 12:38 AM
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Limitations of summary statistics in understanding complex problems

Limitations of summary statistics in understanding complex problems | Decision Intelligence News | Scoop.it

If annual averages were the only information we considered, 79 AD in Pompeii was a slightly warmer year than usual—hardly a situation worthy of serious concern. As you can see with this example, averages, when assessing outlier risks, often make very bad metrics.

Decision Intelligence's insight:

More about how average values can be misleading, and so getting more granular can help us understand covid-19, climate change, and more.

Decision Intelligence News
Decision Intelligence (DI) is the discipline concerned with how organizations and individuals design, support, and improve decision making at scale. It connects actions to outcomes in context by integrating human judgment, data, models, text, and AI into coherent decision systems. Decision Intelligence News curates developments across DI and related fields, including AI, machine learning, governance, enterprise architecture, orchestration, measurement, and decision modeling. Learn more at www.opendi.org and www.learn-di.com.
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