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In my videos on Behavioral Economics, I gave an example of predictive analytics that disregarded psychology ( Target ) and got a negative reaction from
In my videos on Behavioral Economics, I gave an example of predictive analytics that disregarded psychology Target and got a negative reaction from the general public. In that same video, I talked about another company Progressive that made use of psychology to capitalize on the predictive analytics advantage they had.
In a minimum of two paragraphs, provide an example from your experience personal experience, or one that you read about and found interesting of how adding an awareness of psychology resulted in a better outcome for an analytic model. Be sure to provide examples to support your viewpoint.
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