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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Molson Hart‏ @Molson_Hart 28 Nov 2018
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      Data is overvalued in business, especially amongst the educated.

      1 reply 0 retweets 1 like
    2. Gergely Svigruha‏ @gsvigruha 28 Nov 2018
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      Replying to @Molson_Hart

      Depends on the size of your company i think. The bigger you are the more valuable it is for you.

      1 reply 0 retweets 0 likes
    3. Molson Hart‏ @Molson_Hart 28 Nov 2018
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      Replying to @gsvigruha

      Law of large numbers applies!

      1 reply 0 retweets 0 likes
    4. Gergely Svigruha‏ @gsvigruha 28 Nov 2018
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      Replying to @Molson_Hart

      Wow i've never seen a non-statistician referring to the law of large numbers in the correct context :) There's a hype, also most companies just don't know how to use data properly. The expert/charlatan ratio is much worse among data scientists than say engineers my experience.

      1 reply 0 retweets 0 likes
    5. Molson Hart‏ @Molson_Hart 28 Nov 2018
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      Replying to @gsvigruha

      I once had a Princeton PhD economist run regressions on our data (we have a lot) to determine what factors were important in e-commerce sales. Total waste of time (outside of learning that data didn't work like school said it would).

      1 reply 0 retweets 0 likes
    6. Gergely Svigruha‏ @gsvigruha 28 Nov 2018
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      Replying to @Molson_Hart

      Do you get data from Amazon or do you collect it yourself? Linear regression almost never works in practice. Non-linear models like decision trees or neural networks work much better.

      2 replies 0 retweets 0 likes
    7. Gergely Svigruha‏ @gsvigruha 28 Nov 2018
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      Replying to @gsvigruha

      Btw another takeaway from your story: don't get a PhD in economics from Princeton :)

      1 reply 0 retweets 0 likes
      Molson Hart‏ @Molson_Hart 28 Nov 2018
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      Replying to @gsvigruha

      Don't get a PhD in economics from princeton. Don't get a PhD in economics. Don't get a phd.

      7:58 PM - 28 Nov 2018
      1 reply 0 retweets 0 likes
        1. Gergely Svigruha‏ @gsvigruha 28 Nov 2018
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          Replying to @Molson_Hart

          Don't get a degree in economics.

          0 replies 0 retweets 0 likes
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