Rating: Not rated
Tags: Science, General, Mathematics, Computers, Lang:en
Publisher: Oxford University Press
Added: November 30, 2020
Modified: November 5, 2021
Summary
Pattern-recognition prowess served our ancestors well, but
today we are confronted by a deluge of data that is far more
abstract, complicated, and difficult to interpret. The number
of possible patterns that can be identified relative to the
number that are genuinely useful has grown exponentially -
which means that the chances that a discovered pattern is
useful is rapidly approaching zero. Patterns in data are
often used as evidence, but how can you tell if that evidence
is worth believing? We are hard-wired to notice patterns and
to think that the patterns we notice are meaningful. Streaks,
clusters, and correlations are the norm, not the exception.
Our challenge is to overcome our inherited inclination to
think that all patterns are significant, as in this age of
Big Data patterns are inevitable and usually coincidental.
Through countless examples, The Phantom Pattern Problem is an
engaging read that helps us avoid being duped by data,
tricked into worthless investing strategies, or scared out of
getting vaccinations.