Monday, February 11, 2013
Beware the Big Errors of ‘Big Data’ – By Nassim Taleb
We’re more fooled by noise than ever before, and it’s because of a nasty phenomenon called “big data.” With big data, researchers have brought cherry-picking to an industrial level.
Modernity provides too many variables, but too little data per variable. So the spurious relationships grow much, much faster than real information.
In other words: Big data may mean more information, but it also means more
Nassim Nicholas Taleb