Word: data-driven
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...fact that simplified models get things wrong (even dramatically wrong). No one denies that we need to better understand and communicate the limitations of data, that it is crucial to guard against unjustified trust in our preferred models (perhaps the author forgets that before the crisis, there were plenty of critics of the efficient market hypothesis who were using data and simulation to predict pathological behavior in asset markets). But a data-driven, formal approach to making policy decisions is quite frankly the best we can do and therefore essential. “Embracing uncertainty” and abandoning mathematical...
...free day-long camp—billed as an “unconference” where attendees voted on which topics they wanted to present or discuss—featured discussions ranging from “Tweeting like a Pro” to engaging citizens in data-driven case studies...
Speaking at the Harvard Graduate School of Education on Friday, Duncan fleshed out the Race to the Top program—a $4.35 billion initiative to close gaps in national educational achievement by taking a data-driven approach to education policy and reform...
...really proud that one of our own is in the leadership at this time,” Faust said while introducing Duncan. “We are seeing a move towards the very important incorporation of experimental and data-driven approaches that recognize and reward success...
...wrote, "criminologists and pundits predicted that crime would shoot up, since poverty, as the 'root causes' theory holds, begets criminals. Instead, the opposite happened. Over 7 million lost jobs later, crime has plummeted to its lowest level since the early 1960s." To Mac Donald, this is proof that data-driven police work and tougher sentencing are the answer to crime - not social-welfare programs. Conklin thinks it may be too soon to tell. "The unemployment rate began to spike less than a year ago. We may yet see the pressure show up in crime rates," he says. It's fair...