Yes it has been all over the news and yesterday when I saw the tweet, I tweeted and thought his Twitter account had been hacked..nope…it was him, bragging on how he got busted. What a discourtesy to all of us and we keep seeing it but maybe not quite as outrageous as this, the response “bragging” is what the real impact was, like a kid who got busted, so what do we have in DC, a bunch of kids at heart? Is this as good as it gets?
The Office of Technology Assessment is non partisan tool that Gingrich and his bunch got rid of a number of years ago and now with complexities at an all time high and education being the focus, it boggles my mind why we have role models like this, you think? This is why you can’t expect more than “low tech partial band aid solutions” for high tech problems that need to be solved. The folks are out of touch. A good example of this is the Glass Steagall bill to bring it back and certainly it’s better than nothing but it’s low tech problem solving that is inadequate for high tech problems. These folks on the Hill are no competition for the thousands of Quants and Business Analytics experts out there modeling for profit, it shows big time.
Glass-Steagall Revival Presents a “Low Tech” Partial Solution for an Industry that Needs “High Tech” Regulation-Consumers Get 5 More Years of Bank Modeling For Inequality With Segmentation - No Real Regulation In Sight
Part of the issue too lies with what I call “non participation” and I have been using the term “non participants” for a number of years and it goes hand in hand with the old paradigm of “its for those guys over there”, I read it loud and clear in the news all the time. Might the fact that 84% of the Senators still use all paper methodologies for all their work when the Senate makes digital systems available? I assume McCain is a “paper senator” from what I read. This gets really interesting though when “Paper Senators” discuss doctors transitioning to electronic medical records…oh the gap shows big time:) The Daily Show report on this….
We hear the conversation all the time about “paper doctors” who have not moved on to electronic medical records and now we have “paper senators” discussing “paper doctors” and how to improve things, sounds like big oxymoron to me:)
The Office of Technology restoration is a project of the Sunlight Foundation and boy have I written about it, tweeted it and more, because it’s needed and Congress could certainly entertain sharing it too with executive heads out there as it would be a huge tool to help educate those in DC. Here’s where I first wrote about it back in February of this year. Why overlook and discount such a valuable tool I ask?
Congress Needs a Bigger Brain–Restore the Office of Technology Assessment And Truly Assess What is Useful And Remove The Algo Duping Permeating In Government–Fantasy Perceptions That Are Not Real Can Be A Dangerous Thing
I would like to see a government that doesn’t get Algo Duped as often as it affects all of us and the result is the Attack of the Killer Algorithms as I call it with every day examples of how it hurts consumers. There is a reason for a lot this though as this PLOS One study pointed out and yes I published my opinion with a little satire in there just due to the nature of the study with math causing real physical pain to humans..full on study with MRI images and all. I think there’s a lot of pain in Washington, do you? I feel their pain everyday in how it affects me as a consumer:)
“Algo Duping” – PLOS One Journal Publication Explains Why The Fear of Math Plays a Big Role As One Underlying Reason We All Get Duped And Those Who Don’t Fear Math Take All the Money, Gradually, Using “Mathematical Formulas & Algorithms”
This professor agrees with me about Algo Duping….a tweet…
If we could get some folks educated in DC maybe they would have a better understanding of how more sophisticated Algo Duping takes place..another PLOS One on the manipulation of “P” values with research…how many Senators know what a “P” value is..this explains a bit at the link below..do they need to know about what it is, sure they do as they make laws regarding such topics.
PLOS One Abstract–Methodology for Detecting Manipulation of “P Values” To Show Significant Statistical Value, “Inappropriate Fiddling” Which Can Lead to “Algo Duping” Situations And Numbers
This entire scenario is really sad as it was like school child that got caught..I would like to think that mentalities are higher in DC, but stuff like this kind of sets me back with my perceptions. Let’s embed one of the best education videos I have on the Algo Duping page and take a look at this will explain how it works and how all get duped…the old saying of “throw numbers at them” still prevails, whether the numbers are correct or skewed either on purpose or by accident. The topic of the video is it’s all about context and the context in DC is pretty scary as the duping continues in way too many areas.
I always say education is the best cure and what’ wrong with more of that taking place with lawmakers? We might see more interests in many topics discussed on the floors of the House and Senate if they were armed with more education instead of having to guess or get bored as again most lawmakers are no competition for all the Quants, analysts and other mathematical model builders employed by the banks and corporate structures..boy does it show, again just read the title of this blog post:)
A long time ago and there are several posts on this blog about the idea of Congress using IBM Watson to search and get the information they need. They didn’t see it as a tool to help them either, but Citibank did and is making more money than ever-see any correlation here with how data is used? This post was from 2012 and there several more before that one on the same topic. Watson would allow for speech recognition to let the paper senators and representatives to also participate and get them up to snuff even though they are still stuck on paper. This post was Chapter 22 of my Attack of the Killer Algorithm series.
IBM Watson Going to Work At Citigroup on Wall Street–Congress Didn’t See Big Data As A Tool (Hadoop Framework) When They Had Their Chance…For Consumers The Attack of the Killer Algorithms–Chapter 22
IBM Watson Capabilities Being Pitched to Financial Industry-Congress Must Not Have Felt They Needed This So Further Behind We Fall With Effective Intelligent Lawmaking
In the footer of this blog I feature some basic education videos that explain the IT infrastructures used today and when you read the news, hardly any journalists discuss this intelligently from the education side, we just get the OMG, witch hunts, drama queens/kings, and soap opera versions, which I get as journalists today are graded on the read they get and this sucks people in so they need their jobs to meet those “hit” goals on their stories for a lot of it.
So in summary I guess this is as good as it gets, right? In my own heart of trying to help consumers with education material I look at what I saw yesterday as a real set back and basically exposed some attitudes and paradigms that get hidden from us most of the time.
Would it be nice if Senator McCain after this would drive an effort for better education in DC? Again he was not even embarrassed and bragged about it…big disappointment to me as that’s not what I expect from the people we elect and appoint to represent us…kind of a slap in the face and the reality of what’s there it appears. So we can count on a future of continued “low tech solutions for high tech problems” I guess.
Sad it has to be this way but the role models we have not been very effective, and that is non partisan. Math models that “behave badly” (his book)to quote Emanuel Derman (former Goldman Sachs quant, now a university professor) and the “Weapons of Math Destruction” (Cathy O’Neil former quant for Larry Summers” will continue to prevail.
It’s a fixable problem, education but nobody seems to be interested. (Videos in the footer) BD