Bus 101: Lecture 4 Flashcards
Principles for data literacy
anticipation, practicality, understandable, attention to detail
- Anticipation
what are the likely consequences of this decision?
- Practical/useful
will the analytics be useful / worth the cost?
- Understandable
Are non-technical decision-makers able to understand and use the information?
- Attention to detail
Small errors can undermine confidence in the results and recommendations
Consent is meaningful when…
individuals are provided with clear information explaining what organizations are doing with their information
Someone can also consent when they…
don’t opt out in a reasonable time after given a reasonable opportunity to decline by the organization
implied consent
a person voluntarily provides the information to the organization and it is reasonable for that purpose.
physical security
locked doors and alarms
technological security
password protection and encryption on computers and mobile devices
administrative security
confidentiality agreements and terms of use for information technology
Discrimination…
may or may not be intentional
discrimination has occurred when…
an individual has a protected characteristic, and they suffer an adverse impact as a result.
Bias (definition 1)
prejudice in favour of or against one thing, person, or group compared with another, usually in a way considered to be unfair.
Bias (Stats definition)
a systematic distortion of a statistical result due to a factor not allowed for in its derivation.
Confirmation bias
only acknowledging information that supports our position
selection bias
using data that is not representative of the population
historical bias
Not accounting for the existing impacts of social, cultural, religious prejudices
survivorship bias
only looking at the winners
availability bias
only using immediately available information
outlier bias
outliers may skew your interpretation of the data.
