Episode 94: Media Psychology
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Description
My guest for Episode 94 is Dorothy Andrews, ASA, MAAA, PhD, Senior Behavioral Data Scientist and Actuary at NAIC. The theme for the episode is ๐— ๐—ฒ๐—ฑ๐—ถ๐—ฎ ๐—ฃ๐˜€๐˜†๐—ฐ๐—ต๐—ผ๐—น๐—ผ๐—ด๐˜†. Dorothy and I explore the following topics:โฃ โœ… The link between media, data, and algorithms โœ… Pitfalls in using big data to gain cognitive insights โœ… The relevance of psychology for building models โœ… The link between correlation and causation โœ… Rational explanations for variable relationships โœ… Natural experiments and randomized controlled trialsย  โœ… The link between cognitive bias and cognitive dissonance โœ… Bias in traffic ticketing, health diagnoses, and loss ratio modelingย  โœ… Potential downstream societal implications of biasย  โœ… How the insurance industry is addressing negative bias If you are interested in learning about media psychology, you want to listen to this. My Website: maverickactuary.com
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