Unformatted text preview: The Strategist 7 Adam Brandenburger
J.P. Valles Professor, NYU Stern School of Business
Distinguished Professor, NYU Polytechnic School of Engineering
Member, NYU Institute for the Interdisciplinary Institute of Decision Making
Associated Faculty Member, Center for Data Science 3/22/15 17:56 h4p://commons.wikimedia.org/wiki/File:Janus; watercolour by Tony Grist 2 du·∙al·∙i·∙ty /d(y)o͞oˈalədē/ noun noun: duality; plural noun: duali*es 1. the quality or condiMon of being dual. “the novel’s deep duality about human moMve” MATHEMATICS the property of two theorems, expressions, etc., being dual to each other. PHYSICS the quantum-‐mechanical property of being regardable as both a wave and parMcle. 2. an instance of opposiMon or contrast between two concepts or two aspects of something; a dualism. “the photographs capitalize on the dualiMes of light and dark, sMllness and movement” 3/22/15 17:56 google 3 The NoMon of Business Strategy … or Some NoMons The Prisoner’s Dilemma … or Another Game CompeMMon … or CooperaMon The Bigger Picture … or the Smaller Picture Trade-‐oﬀ … or Trade-‐on My Mind … or Your Mind Thin-‐Tailed Uncertainty … or Heavy-‐Tailed Uncertainty Weakness … or Strength 3/22/15 17:56 4 The data science opportunity and challenge: More compuMng power More available data ✓ More model choice ✓ More risk of spurious pa4erns ✗ More risk of over-‐ﬁ4ed models ✗ 3/22/15 17:56 h4p://lesswrong.com/lw/hxx/some_highlights_from_nate_silvers_the_signal_and/ 5 ...
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- Spring '15
- NYU Polytechnic School of Engineering, NYU Polytechnic School, NYU Stern School, NYU Stern School of Business, NEW YORK UNIVERSITY STERN SCHOOL OF BUSINESS, J.P. Valles Professor