{"id":8128,"date":"2016-09-12T11:00:09","date_gmt":"2016-09-12T15:00:09","guid":{"rendered":"http:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/?p=8128"},"modified":"2016-09-12T10:25:30","modified_gmt":"2016-09-12T14:25:30","slug":"danger-playing-safe","status":"publish","type":"post","link":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/danger-playing-safe\/8128\/","title":{"rendered":"The Danger of Playing It Safe"},"content":{"rendered":"Research shows that people tend to be overly risk averse when weighing the potential success or failure of a decision. This tendency is compounded when we consider the vast number of decisions being made across an organization. For various reasons, both individuals and groups are often cautious at the expense of their long-term success. From an analytics practitioner\u2019s point of view, this misalignment presents opportunities to improve outcomes through the strategic use of data. Losses are Painful Before we discuss these opportunities, it is important to understand the psychological causes of risk aversion. Why is it that people <a href=\"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/danger-playing-safe\/8128\/\" class=\"more-link\">(more&hellip;)<\/a>","protected":false},"excerpt":{"rendered":"<p>Research shows that people tend to be overly risk averse when weighing the potential success or failure of a decision. This tendency is compounded when we consider the vast number of decisions being made across an organization. For various reasons, both individuals and groups are often cautious at the expense of their long-term success. From [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[59,146,785],"class_list":["post-8128","post","type-post","status-publish","format-standard","hentry","category-leading-stories","tag-analytics","tag-predictive-models","tag-risk-management"],"_links":{"self":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/8128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/comments?post=8128"}],"version-history":[{"count":3,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/8128\/revisions"}],"predecessor-version":[{"id":8131,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/8128\/revisions\/8131"}],"wp:attachment":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/media?parent=8128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/categories?post=8128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/tags?post=8128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}