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Thursday, August 11, 2016

"Experts" are Inferior to Algorithms: That's the EMPIRICAL Evidence: Experts Like Complexity: Algorithms Prefer Simplicity : Simple Combinations of Features Are Better

When discussing any academic discipline and the "scientific" methodology it employs, it is instructive to know the following....

In Statistics vs. Judgment at DelanceyPlace.com, August 11, 2016, Richard Vague focuses on the book Thinking Fast and Slow by Daniel Kahneman,
summarizing an excerpted section that deals with the work of Paul Meehl.

Vague writes:
"In today's encore selection -- from Thinking, Fast and Slow by Daniel Kahneman. Statistics versus judgment. In his book Clinical vs. Statistical Prediction: A Theoretical Analysis and a Review of the Evidence, psychoanalyst Paul Meehl gave evidence that statistical models almost always yield better predictions and diagnoses than the judgment of trained professionals. In fact, experts frequently give different answers when presented with the same information within a matter of a few minutes...."