by Jessica Margolin
Originally published: August 9, 2017
Financial folks know that diversification lowers risk — it’s a simple mathematical proof — so it has always been interesting to me that we humans, social animals that we are, feel safer in groups that have a shared history or context. I guess it’s yet another cognitive bias, like “sunk cost”.
Now that the issues surrounding gender-based harassment have become front-and-center, many companies are reviewing their policies for gender and other kinds of diversification.
We all know that it’s easier to communicate progress when we’re quantitative, so it’s a natural urge to wonder how to best measure gender-based equality for opportunities at work. It’s a fine question about metrics design, but even given that’s what I do — it’s my hammer for which everything is a nail! — I believe that’s a bit premature.