Randomized Controlled Trials (RCTs) are renowned as the gold standard in clinical trials, predominantly used to gauge the efficacy of new treatments. However, the applicability of RCTs extends far beyond merely clinical trials. In my line of work, we employ randomized experiments to evaluate the performance of varying credit underwriting
Many individuals grapple with job satisfaction and long-term career goals. While some may not be content with the rate of their professional growth within their current organization, others may be introspective, contemplating their aspirations and objectives for the future. This article focuses on the latter group, a mentality that I
At the beginning of 2023, I wrote a New Year Planning: 2023 | Data Driven Everything (data-driven-everything.com). With a quarter already behind us, it’s time to reflect on my progress. I aspire to become a person with the following traits: * High moral standards, righteousness, and trustworthiness * Humility * Usefulness to
A significant portion of a Data Analyst or Business Intelligence Analyst’s time is spent translating business questions into SQL queries. These analysts often serve as an interface between humans asking questions and the computers processing the data. In business settings, Software Engineers essentially act as translators, converting business requirements
Recently, one of the main questions in my mind is how to adjust the user’s credit limit given a predicted risk. I consider myself a practitioner in the industry with limited experience. Currently, the account management process relies more on expert judgement. We may decrease the limit or freeze
Warren Buffet once said to Bill Gates after he said the computer is going to change everything: “I’ll stick to chewing gums, you stick to computers.”. We have to admit that we don’t understand a lot of things. It is wise to focus on our competencies. However, it
Before I elaborate on the thoughts, I should give readers the typical risk management framework for existing customers used in consumer loans (In a mature market, the contribution of new users is relatively small). Users are segmented into different risk tiers corresponding to predicted default risks. It is similar to
Recently, I have a chance to pick up a book on the history of GIC (Government of Singapore Investment Corporation). The book gives important backgrounds of the creation of GIC. In my opinion, it is a short history of Singapore’s reserve management and its currency. In 1965, Singapore separated
In the last 2 years, I spent a lot of money on electronics and camera gear. Recently, I made an inventory list. I found that I have spent around HKD 250K. This is a large sum of money for me. I reflected on the reasons. First, it happens when I
We read a lot about the economy in the news. They are like data points describing the state of the economy, such as GDP, capacity utilization, purchase managers’ index, cpi, etc. Without a general framework in mind, it is overwhelming. We need to have a framework in mind even if
Time is the most precious resource. With the advancement in technology, it becomes more difficult to safeguard time. I am an iPhone user. After checking the “Screen Time”, the top 3 most used apps are WeChat, Instagram, and YouTube (Actually, the 3rd is Safari. But it is less likely to
The planning takes a top-down approach. It starts with the principles that seem right to me and ends with the specific tasks. Reflecting on how I did planning, I put too much emphasis on the details of a specific goal without explaining the motivation and general theme behind it. Principles