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by drumdance
3889 days ago
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Women musicians started getting orchestra positions in much greater numbers after auditions were made blind. If biases affect how a professional musician hears music, is it so shocking to think unconscious bias might affect someone's judgment a candidate based on multiple fuzzy factors like ability, culture, and personality? And that's just for job applications. You really think the criminal justice system has removed unconscious bias? |
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So of course the bosses pick out their friends and cronies. And a decent polity should restrain their corruption with blind auditions and accountable audits of prosecutions.
But investors should be looking for a good return on their money. They should be looking for the best investments they can find. If they're not, that is the source of bias right there.
Of course, the Wall Street industry is located in New York because you can use big city lights, strippers, and steaks to scam small town municipal pension fund managers who aren't investing their own money. Sand Hill Road is supposed to operate on different principles.