Executives overpaid for decision making compared to computers

A U.K. study of 350 of the largest firms that found that pay for company executives rose by 700% since 2002 to this year, while the value of those firms went up by 21% and workers pay went up by 27%. “There has to be something questionable about that picture.” Gartner

“Everywhere I look, predictive modeling, machine-based algorithmic systems and computer-based simulation outperform humans,” said Rayner.

That’s partly because humans are informed by our cognitive basis, said Rayner, “When we look forward we are too influenced by what’s happened in the past and our own perception of what we want to happen, rather than taking a rational view.”

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