Capital Allocators – Inside the Institutional Investment Industry Cade Massey – People Analytics in Investing and the NFL (Capital Allocators, EP.190)
Apr 19, 2021
Cade Massey, a Professor at the Wharton School, specializes in judgment under uncertainty and people analytics. He shares fascinating insights on predicting performance, particularly in NFL player evaluations. The discussion covers the importance of data in talent assessment and overcoming cognitive biases in decision-making. Cade also delves into his experiences with Google and Teach for America, highlighting evolving strategies in sports analytics. Valuable advice for NFL draft allocators rounds out this engaging conversation.
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Performance Measurement in People Analytics
- Performance measurement is a key challenge in people analytics outside of sports.
- Traditional supervisor ratings are often inadequate, necessitating the development of more objective, data-driven performance measures.
Independence in Group Decision-Making
- Maintain independence of opinions within a group to maximize information value.
- Avoid sharing opinions early in the decision-making process to prevent bias.
Defining Objectives
- Clearly define objectives before making decisions to ensure alignment within the group.
- Conduct surveys or discussions to uncover varying perspectives and establish a common goal.
