Friday, April 2, 2010

The myths of surveys

Surveys are very poor indicators of truth and fact. They are often gameable, and demonstrate significant cognitive bias in those that construct them. News of a banking survey did rather make me smile today.

So people don't switch banks according to the ICM/BBC survey.
Not surprising when it is made as difficult as it is. And what to switch too?

And people are happy? Apparently, but I suspect that, given that the services are pretty much universally poor, they are really saying “well my bank is no worse than any of the others so I guess I am happy relative to what I think I could actually get.”

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