451 Decisions Over Decimals by Oded Netzer

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Sep 1, 2023

Guest

Paul Magnone

Guests Christopher Frank, Paul Magnone, and Oded Netzer discuss their book 'Decisions Over Decimals,' which emphasizes the balance between data intelligence and human judgment in decision-making. They explore the concept of Quantitative Intuition (QI), the significance of combining data and intuition, closing information gaps with iWIC, the importance of considering unseen data, the value of synthesis, seeking consent instead of consensus, and the power of asking questions and seeking surprises.

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Introduction

00:00 • 2min

Professor Netser's Education and Meeting Arthur Sandberg

01:35 • 3min

The Power of Quantitative Intuition

04:50 • 21min

The Importance of Combining Data and Intuition

25:45 • 20min

iWIC and Closing Information Gaps

45:44 • 18min

Analyzing Decision-making and the Importance of Considering Unseen Data

01:03:57 • 4min

The Importance of Synthesis

01:07:42 • 9min

Seeking Consent: The Key to Effective Decision-Making

01:16:12 • 2min

Asking Questions and Seeking Surprises

01:17:44 • 7min

Decisions Over Decimals: Striking the Balance between Intuition and Information by Christopher Frank, Paul Magnone, and Oded Netzer

About the Book:

Become a confident leader and use data, experience, and intuition to drive your decisions

Agile decision making is imperative as you lead in a data-driven world. Amid streams of data and countless meetings, we make hasty decisions, slow decisions, and often no decisions.

Uniquely bridging theory and practice, Decisions Over Decimals breaks this pattern by uniting data intelligence with human judgment to get to action — a sharp approach the authors refer to as Quantitative Intuition (QI).

QI raises the power of thinking beyond big data without neglecting it and chasing the perfect decision while appreciating that such a thing can never really exist.

Successful decision-makers are fierce interrogators. They square critical thinking with open-mindedness by blending information, intuition, and experience. Balancing these elements is at the heart of Decisions Over Decimals.

This book is not only designed to be read - but frequently referenced - as you face innumerable decision moments.

It is the hands-on manual for confident, accurate decision-making you've been looking for; the rare resource that provides a set of pragmatic leadership tools to accelerate:

Effectively framing the problem for stakeholders
Synthesizing intelligence from incomplete information
Delivering decisions that stick

Strike the right balance between information and intuition and lead the smarter way with the real-world guidance found in Decisions Over Decimals.

About the Author:

Oded Netzer is the Vice Dean for Research and the Arthur J. Samberg Professor of Business at Columbia Business School, an affiliate of the Columbia Data Science Institute, and an Amazon Scholar.

He is a world-renowned expert in data-driven decision-making and extracting meaningful insights from data.

He holds a Ph.D. in Business and a Masters degree in Statistics from Stanford University.

And, interesting fact - he's originally from Israel!

Click here for this episode's website page with the links mentioned during the interview...

https://www.salesartillery.com/marketing-book-podcast/decisions-over-decimals-oded-netzer