All the data you ever need

“If you torture the data long enough, it will confess” – Ronald Coase. Let’s start this blog entry by challenging your imagination a bit. Imagine a big project. It doesn’t matter which project or in which industry. It could be a big construction project, an R&D project, a large marketing campaign or the introduction of…

Who Are You?

“Man’s main task in life is to give birth to himself, to become what he potentially is. The most important product of his effort is his own personality” – Erich Fromm. Personality is what describes a person. The personality of somebody includes his goals, his feelings, his emotions, his temperament and many other factors. It…

Making good decisions

  “Informed decision-making comes from a long tradition of guessing and then blaming others for inadequate results” – Scott Adams. The quotation from above introduces today’s topic quite well. We are going to talk about decisions based on incomplete information. Something that happens quite often as we all know. The main effect of having incomplete…

Extraordinary Results

“I can prove anything by statistics except the truth” – George Canning. Do you remember your statistic classes at university? Hopefully yes, because statistics are a fantastic tool to describe the world we live in. This is because many things in our universe are way too complex to describe them in detail. Just think of…