.
Model Thinking notes, with rainbow (from the plastic rod thingie that you twist to change the orientation of the mini-blind slats).
I can't believe that Model Thinking is almost over. I have one more
lecture to listen to (and I want to listen to part of one of yesterday's
again). Math again, this week. Or -- arithmetic, really. Crowd error
= (the sum of the error of the predictions of individuals) - (the
variance of the individuals' predictions). ("This is a mathematical
fact. It is just true.") In the in-lecture question, I figured
correctly that crowd error was 2500, but when I calculated out the
difference between the individuals' error, and their variance, I did not
get 2500.................... Infuriating to KNOW the number you're
supposed to have gotten, and to spend a LONG time trying to figure out
why you didn't, only to realize that you've written 40000 in three
places where you were supposed to have written 43000. !!!
Infuriating
(and tiresome!) to have to watch myself like a hawk (and a
slave-driver!) to make sure I'm not making stupid copying
errors!!! Or stupid computation errors -- 5 x 1 =
10????
Here's what victory looks like, around here..............
After !stubornly! working my way through
that arithmetic yesterday, until I got 2500!!!!!, I laughed and laughed
and laughed a little later, when Dr. Page pointed out to us that an author CHOSE certain
examples for his book, The Wisdom of Crowds, and that, OF
COURSE, those examples would be cases where the difference between the
crowd's prediction and reality would be small. "If crowd error was
large, it would be The Madness of Crowds!"
You probably had to be there, but just thinking about The Madness of Crowds! still makes me chuckle.
Anyway. One more lecture, one more quiz, one more exam (second half of the course, only).
I won't miss the pace, but I'll miss the new and fascinating info.............
.
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