Why Big Data Won't Cure Us

By Stephen Downes - Stephen's Web. Why Big Data Won't Cure Us
Gina Neff, Big Data, 2014/10/22

One of the flaws of contemporary economics is that it postulates the economically rational consumer who will always choose in his or her best interest. We know, however, that this is rarely the case, and that the economy is beset by forces that are essentially irrational. The same problem applies to big data. More...