Vaguery + benchmarking   30

[1106.1804] A Critical Assessment of Benchmark Comparison in Planning
"Recent trends in planning research have led to empirical comparison becoming commonplace. The field has started to settle into a methodology for such comparisons, which for obvious practical reasons requires running a subset of planners on a subset of problems. In this paper, we characterize the methodology and examine eight implicit assumptions about the problems, planners and metrics used in many of these comparisons. The problem assumptions are: PR1) the performance of a general purpose planner should not be penalized/biased if executed on a sampling of problems and domains, PR2) minor syntactic differences in representation do not affect performance, and PR3) problems should be solvable by STRIPS capable planners unless they require ADL. The planner assumptions are: PL1) the latest version of a planner is the best one to use, PL2) default parameter settings approximate good performance, and PL3) time cut-offs do not unduly bias outcome. The metrics assumptions are: M1) performance degrades similarly for each planner when run on degraded runtime environments (e.g., machine platform) and M2) the number of plan steps distinguishes performance. We find that most of these assumptions are not supported empirically; in particular, that planners are affected differently by these assumptions. We conclude with a call to the community to devote research resources to improving the state of the practice and especially to enhancing the available benchmark problems."
planning  benchmarking  algorithms  horse-races  engineering-design  operations-research  nudge-targets 
august 2011 by Vaguery
Measuring Social Value (August 5, 2010) | Stanford Social Innovation Review
"We started by scanning existing social value metrics, such as the ones described in the table “10 Ways to Measure Social Value” on page 41. We found hundreds of competing tools, of which foundations and NGOs generally use one set, governments another, and academics yet another. In addition to discovering this segmentation, our survey suggested two more reasons why so few metrics guide real decisions. First, most metrics assume that value is objective, and therefore discoverable through analysis. Yet as most modern economists now agree, value is not an objective fact. Instead, value emerges from the interaction of supply and demand, and ultimately reflects what people or organizations are willing to pay. Because so few of the tools reflect this, they are inevitably misaligned with an organization’s strategic and operational priorities."
public-policy  social-entrepreneurship  decision-making  benchmarking  it's-more-complicated-than-you-think  pragmatism 
august 2010 by Vaguery
Beware Those S&P 500 Benchmarks -- Seeking Alpha
"But if anybody starts telling you now how much they’ve beaten the S&P 500 by over the past 10 years, then before investing with them it’s definitely worth asking to see their marketing materials in the intervening years. It’s pretty important that they always used the S&P 500, and not just when it made them look good. Otherwise, Richard Ferri is right that the comparison is downright misleading, and not the kind of behavior one would expect from a fiduciary."
benchmarking  investment  financial-planning  comparison  advice  marketing 
march 2010 by Vaguery
Core i7-Based 27" iMac Benchmarks Show Significant Improvements - Mac Forums
"The i7 even represents a sizable (35%) performance increase over the i5 model and costs only $200 more. In fact, the i7 iMac benchmarks compare favorably to 2.93Ghz Quad-Core Mac Pro which costs significantly more."
Apple  Mac  MacOS  benchmarking  upgrade  iMac  Nudge 
november 2009 by Vaguery
Superstar CEOs Suck
"...We find that award-winning CEOs subsequently underperform, both relative to their prior performance and relative to a matched sample of non-winning CEOs. At the same time, they extract more compensation following the awards, both in absolute amounts and relative to other top executives in their firms. They also spend more time on public and private activities outside their companies, such as assuming board seats or writing books. The incidence of earnings management increases after winning awards. The effects are strongest in firms with weak corporate governance. Our results suggest that the ex post consequences of media-induced superstar status for shareholders are negative."
business-culture  award-winning  performance-measure  benchmarking  financial-crisis  corporatism 
november 2009 by Vaguery
Ezra Klein - What is 'waste' in medicine?
"This isn't as simple as cutting out waste. The real project here is getting the medical system to define waste the same way consumers define waste: treatments that don't help people, and in fact hurt the bottom line. As it is, those treatments currently help the bottom line, and so are no more wasteful for the institution than a Best Buy salesman persuading you to buy an expensive HDMI cable you don't need."
economics  motivation  medical-culture  business-culture  public-policy  benchmarking  what-gets-measured-gets-fudged 
november 2009 by Vaguery
Confessions of a Community College Dean: Gravity
"If we dealt with the pincer movement of lower state aid and higher enrollments by imposing admissions standards -- say, by refusing to do remediation anymore -- the economics (and prestige) of the operation would take off. Blocking developmental students would, all by itself, result in a wealthier student body. We would have much higher retention, graduation, and transfer rates. We would have much less call for special services for students with severe learning disabilities. Our financial aid spending would drop dramatically, as would our spending on tutoring. We'd run proportionally more sophomore-level classes, to the understandable delight of the faculty. As our graduation and transfer rates went up, our standing as a college of first choice would go with it. And we could both impress our politicians and insulate ourselves from them, just like the University of Michigan has. "
what-gets-measured-gets-fudged  upscale  mission  pedagogy  academic-culture  utilitarianism-FAIL  economics  benchmarking  public-policy  your-tax-dollars-at-work 
november 2009 by Vaguery
Is Your Stock Trading System Sick? Take It to the Doctor. | System Trading with Woodshedder
"What I mean by this is that over enough trades, it should not matter that the historical sequence of trades does not match exactly the real-time sequence. Regardless, it is something to keep in mind when comparing historical backtested data to real-time."
trading  financial-engineering  benchmarking  optimization  models  learning-from-data  objectives 
november 2009 by Vaguery
Benchmarks: You are Doing it Wrong - plok
"On the outside it might appear that everybody who is not using Tool X is a moron. But speed & latency are only part of the picture. We already established that going from 5ms to 50ms might not even be noticeable by anyone using your product. The expense for speed can be multiple things:..."
profiling  software-development  web-design  web-applications  quality-of-service  latency  benchmarking 
october 2009 by Vaguery
Long Term Investing Appears to Have Gone Out of Fashion -- Seeking Alpha
"While you can place some blame on high frequency traders for skewing the data, Business Insider points to week-to-week performance benchmarking as one culprit. Our sell side experience leads us to agree, even monthly performance benchmarking is ridiculous for measuring fundamental investing given the vagaries of the market in the short term. The result is that a lot of fund managers have no choice but to engage in speculative trade-chasing covered by heaps of fundamental BS to maintain their firm's fundamental, disciplined image."
investing  trading  data  financial-crisis  social-norms  received-wisdom  benchmarking  unexpected-consequences  heaps-of-functional-BS 
august 2009 by Vaguery
When Goal Setting Goes Bad — HBS Working Knowledge
"But do these goals really work? Researchers from four top business schools have collaborated to show that in many cases goals do more harm than good. Worse, they can cause real damage to organizations and individuals using them.

"We argue that the beneficial effects of goal setting have been overstated and that systematic harm caused by goal setting has been largely ignored," the researchers conclude. Bad "side effects" produced by goal-setting programs include a rise in unethical behavior, over-focus on one area while neglecting other parts of the business, distorted risk preferences, corrosion of organizational culture, and reduced intrinsic motivation."
via:alevin  business-culture  planning  decision-making  management  benchmarking 
march 2009 by Vaguery
2008 Year in Review: Part 1 | System Trading with Woodshedder
"I want to focus on the metrics of the strategy trades. The performance statistics are below. I find them nothing less than stellar. The metrics that I found especially appealing are highlighted in green."
benchmarking  trading  metrics  performance-measure  statistics  prediction 
january 2009 by Vaguery
naked capitalism: Stiglitz: On the Fallen Standing of the US High Finance
"Deregulation has not worked. Unfettered markets may produce big bonuses for CEOs, but they do not lead, as if by an invisible hand, to societal well-being. Until we achieve a better balance between markets and government, the world will continue to pay a
economics  finance  credit-crunch  global  economy  markets  ratings  benchmarking  confidence-in-both-senses 
february 2008 by Vaguery
DP: Post-Processing Verification Guidelines
Useful starting point for my acceptance testing list. Noted PPV report, which is a real acceptance test based on subjective estimates; could that be fleshed out?
Distributed-Proofreaders  post-processing  ebooks  digitization  workflow  standardization  testing  benchmarking 
november 2007 by Vaguery
George Dinwiddie’s blog » Bearing in mind that there are many factors of which I am unaware.
George muses about the Prime Directive of Retrospectives. I note that neither Retrospectives nor any of the principles of the PD are social norms in academia, even though professional development is the point there. How might that improve in future?
development  philosophy  retrospective  social-norms  teams  benchmarking  self-assessment  collaboration 
april 2007 by Vaguery
devgrind » How to not solve a Sudoku
Some people cannot discern pedagogy from earnest geekitude. It's a framing issue: people who think "this is trivial!" are clearly making that the truth, about their dismissal of others' work... or themselves.
pedagogy  cultural-norms  development  agility  algorithms  design  goals  objectives  benchmarking  assumptions  cluelessness 
april 2007 by Vaguery
Forbes.com Corporate Org Chart Wiki
My wife points out that when she worked at a Big Company, the org chart was <i>protected information</I>, and not to be disclosed under any circumstances by employees.
business  networks  organization  orgchart  collaboration  wiki  proprietary-information  benchmarking 
april 2007 by Vaguery

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