Banking / Finance

Banking and Big Data: Are we Making a Big Mistake?

28th Apr `14, 12:34 AM in Banking / Finance

A link to this post is being retweeted in unusually large numbers: 100% Reserve Banking — The History,…

BDMS
Guest Contributor
 

A link to this post is being retweeted in unusually large numbers:

100% Reserve Banking — The History, by Atif Mian and Amir Sufi: So both John Cochrane and Martin Wolf are advocating 100% reserve banking. If these two agree on anything, it’s worth taking seriously! (It’s pretty amazing how advocates for narrow banking come from across the political spectrum.) We … we wanted to provide some history behind the idea. …

Using the “big data” from Twitter, this one too, though not quite on the same scale:

Big data: are we making a big mistake?: Big data is a vague term for a massive phenomenon that has rapidly become an obsession with entrepreneurs, scientists, governments and the media …

“Big data” has arrived, but big insights have not. The challenge now is to solve new problems and gain new answers – without making the same old statistical mistakes on a grander scale than ever.

Read More
MORE FROM BIG DATA MADE SIMPLE