How Human (Sapiens) Can Coorpate in huge numbers? Telling and Believing in Fictional Stories.

Date: 20210613 We know from last time that there are at least 6 species of human 50,000 years ago. Human today belongs to a species called Sapiens. Actually, the first time Sapiens met another species, Neanderthals, we lost. Around 70,000 years ago, Sapiens started spreading everywhere around the whole world. They came up with so …

How Statistics Became a Model-blind Data-reduction Enterprise? Karl Pearson

In the last blog post, we have covered Francies Galton and his Galton Board. In this post, we will talk about Karl Peason. Pearson was affected by Galton’s idea on correlation. He believes correlation is bigger than causation. Causation was reduced to nothing more than a special case of correlation. He said, “That a certain …

How Statistics Became a Model-blind Data-reduction Enterprise? Francies Galton.

Date: 5 June 2021 This is Chapter 2 of the book, The Book of Why. This chapter is an account of the history of statistics and how it departs from understanding causation to only correlation. I personally did not validate the accuracy and completeness of the stories in the Chapter. I feel that the Author …

Chapter 3 Summary of Managing a Consumer Lending Business

Date: April 27, 2021 This chapter is not about how to develop a scorecard. Rather, it focuses on the key steps, resources needed, and evaluations a manager should know. I have written two summaries on scorecard development which covers most of the points in this chapter, especially on the key steps and resources needed. You …

Chapter 2 Summary of Managing a Consumer Lending Business

Date: April 25, 2021 This chapter, although it is called Planning Consumer Products, I think it is about product development. It talks about the variables in developing a product/ adjusting a product. First of all, the product should align with the underlying strategy of an organization. We need to understand whether the company is an …

Chapter 1 Summary: Managing a Consumer Lending Business

Date: April 24, 2021 Coming from an SME lending background, I feel that I need to acquire knowledge in Retail Finance and adjust my thinking for my new position. I asked my previous supervisor, what kind of materials are helpful. He recommended the book called, Managing a Consumer Lending Business. He said it was used …

Hey, wait!

Before you go, Subscribe and Get Notify for Content Like This.