Research shows that people tend to be overly Risk averse when weighing the potential success or failure of a decision. This tendency is compounded when we consider the vast number of decisions being made across an organization. For various reasons, both individuals and groups are often cautious at the expense of their long-term success. From an analytics practitioner’s point of view, this misalignment presents opportunities to improve outcomes through the strategic use of data.
This post first appeared on Elder Research Data Science & Machine Learning Blog, please read the originial post: here