How Can Leaders Use Data to Make Better Decisions?
Columbia Business School Professors Oded Netzer, Christopher J. Frank and Paul F. Magnone delve into the ideas and practical applications detailed in their new book Decisions Over Decimals.
Decisions over Decimals: How to Find Balance Between Intuition and Information
My key takeaways from this episode:
What should listeners know about understanding data
- Today data accessibility is more available, the tooling to analyse data is cheaper, and it’s expected of leaders that they make data-informed decisions.
- Yet, although most things are measured, many things are not improved. The challenge is not the data, it’s the decision-making.
- You can torture data enough to get them to admit to anything. The question is how to interpret data correctly and how to factor in human interpretation.
Connect the Dots or Be Replaced
Oded Netzer, the Arthur J. Samberg Professor of Business, shares his thoughts on ChatGPT, how to use data most effectively, and the essential qualities that future business leaders must possess.
Decisions Over Decimals: Striking the Balance Between Intuition and Information
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).
When people ask to borrow money, the words they use can foretell whether they’ll pay it back
The words people use say a lot about their personalities, emotions, and thinking. And the ones they use when asking to borrow money, it turns out, also says a lot about whether they are likely to pay others back.
7 research-backed strategies to stop wasting time making decisions
You’re running all out but failing to reach a goal. Your team is grinding through tasks and decisions. If companies want to grow, compete, and win they need to accelerate decisions. It is estimated the average American makes 70 decisions per day, according to Professor Sheena S. Iyengar, at Columbia Business School. Given the frequency, the real need is for a practical approach to lead in a data-driven world.
These jobs are most likely to be replaced by chatbots like ChatGPT
Chatbots and artificial intelligence tools like ChatGPT that can almost instantly produce increasingly sophisticated written content are already being used to perform a variety of tasks, from writing high school assignments to generating legal documents and even authoring legislation.
Your Next Big Move Should Scare You
Your gut says no. Here’s why you shouldn’t always listen to it.
Could generative AI do a CEO’s job? Here’s what an Ivy League MBA professor says
We’re still in the early stages of the generative-AI revolution, says Oded Netzer, vice dean of research and professor at Columbia Business School
In a data-led world, intuition still matters
A new book argues the best decision makers combine good data with their own good judgment.
7 Ways to Use ChatGPT at Work to Boost Your Productivity, Make Your Job Easier, and Save a Ton of Time
Striking the Balance between Intuition and Information with Oded Netzer, Co-Author of “Decisions Over Decimals”
In this episode, Alan and Oded discuss “Decisions Over Decimals,” Oded’s latest co-authored book with Christopher Frank, Vice President of the Global Advertising and Brand Management team at American Express, and Paul Magnone, Head of Global Strategic Alliances at Google, who are also professors at Columbia. Having worked on the front lines and taught future executives, they identified two data myths that served as the inspiration for this book.
Quantitative Marketing: Data-Driven Strategies and Challenges
Dive into Quantitative Marketing Strategy with CXOTalk episode 787, featuring experts Prof. Oded Netzer & CMO Amy Jaick from Columbia University business school. Uncover insights, techniques, AI's role, and ethical data usage for marketing professionals and business leaders in the digital age.
The Supreme Court should bless the Purdue Pharma settlement
Edward Morrison is a law professor at Columbia University and a member of the National Bankruptcy Conference and a director of Columbia’s Richman Center for Business, Law and Public Policy.
Biden and the OECD’s Taxation Without Representation
Congress refused to enact the Pillar 2 agreement that requires all countries to tax large corporations.
How to Save the World in Six (Not So Easy) Steps: Bringing Out the Best in Non-Profits
A must-read for anyone who loves nonprofits but worries about inefficiency, infighting, and inertia, David M. Schizer's How to Save the World in Six (Not So Easy) Steps is the definitive guide to advancing the mission effectively and mobilizing support.
Columbia University's Ito on BOJ Policy
Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, appeared on Bloomberg and discussed his outlook for Bank of Japan policy ahead of the central bank's meeting.