The Tyranny of Numbers - By Thomas J Bevan - The Commonplace
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The Tyranny of Numbers - By Thomas J Bevan - The Commonplace
Saved by sari and
This is one of the shortcomings of using numbers to represent people. At some point, the numbers lose their connection to the people and become just numbers, void of meaning.
Today, in our society, in economics, and in finance, we place far too much trust in numbers. Numbers are not reality . At best, they are a pale reflection of reality. At worst, they’re a gross distortion of the truths we seek to measure. But the damage doesn’t stop there. Not only do we rely too heavily on historic economic and market data; our opt
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