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Ep466 - Eric Siegel | The AI Playbook

Talks at Google

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Embrace Probabilities in Decision Making

Embracing probabilities is a challenge because predictive models generate scores as probabilities, which the world is not comfortable with, finding them intimidating and theoretical. This discomfort is exemplified in the reluctance towards deploying predictive models. People prefer certainty rather than dealing with probabilities, as highlighted by the famous scene in Empire Strikes Back and the resistance to facing odds. However, Moneyball showcases a success story where the amalgamation of analytics and traditional knowledge resulted in a breakthrough, bridging the gap between theory and implementation.

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