Episode 94: Media Psychology

My guest for Episode 94 is Dorothy Andrews, ASA, MAAA, PhD, Senior Behavioral Data Scientist and Actuary at NAIC.

The theme for the episode is 𝗠𝗲𝗱𝗶𝗮 𝗣𝘀𝘆𝗰𝗵𝗼𝗹𝗼𝗴𝘆.

Dorothy and I explore the following topics:⁣

✅ The link between media, data, and algorithms
✅ Pitfalls in using big data to gain cognitive insights
✅ The relevance of psychology for building models
✅ The link between correlation and causation
✅ Rational explanations for variable relationships
✅ Natural experiments and randomized controlled trials 
✅ The link between cognitive bias and cognitive dissonance
✅ Bias in traffic ticketing, health diagnoses, and loss ratio modeling 
✅ Potential downstream societal implications of bias 
✅ How the insurance industry is addressing negative bias

If you are interested in learning about media psychology, you want to listen to this.

My Website: maverickactuary.com