Archive for March, 2012
The March issue of Minnesota Business magazine, a valuable source of information and insight for growing companies,* provided a fascinating statistic, hard to believe really: 25,000—the number of ice fishing holes drilled last month for an ice-fishing contest on Gull Lake. Minnesota-based StikeMaster Corporation provided the augers. See their video for a demonstration.
Meanwhile (reported on page 44), elsewhere on Gull Lake (far from the 25,000 holes, I hope), Grand View Lodge offered the ideal meeting place for getting away from the office. See this report from our local CBS television affiliate—you will be amazed.
Sadly it seems that spring is nearly sprung so we must now endure 6 months of warm weather before the fun can begin again.
*Full disclosure: My daughter Emily is Graphic Designer for the production of this publication by Tiger Oak Media of Minneapolis.
“Most results, including those that appear in top-flight peer-reviewed journals, can’t be reproduced.”
This is a “dirty secret” revealed by the Wall Street Journal’s Gautam Naik in this December report. It cites statistics from Bayer that nearly two-thirds of published studies could not be replicated. Naik blames the complicated nature of experiments nowadays along with the “positive bias” researchers driven to produce results. Glenn Begley, vice president of research at Amgen, a biotechnology company, suggests that “academic scientists, like drug companies, should perform more experiments in a ‘blinded” manner to reduce any bias toward positive findings.”
Meanwhile, Duncan Watts, author of Everything is Obvious: *Once You Know the Answer says
“When you do the experiment properly [randomized and controlled], all the numbers go down.”
He’s speaking on the bias of marketing executives toward their own sensibilities, which often do not reflect those of the population being sold to. See what the Financial Times “undercover economist” Tim Harford says about this here. Unfortunately, in my experience, those (the analysts) who know better than to extrapolate from small, non-representative sample of opinions from the ‘powers-that-be’ (often n=1, that is—the Boss) get very little support for spending money to put these assertions to the test. Even though you know the top dogs might be barking up the wrong tree it’s easiest just to go along with the pack and press ahead. To do otherwise risks suffering a painful bite-back. Yes, I am a cynic.