In this summary you will learn |
- How quantitative methods are changing almost every area of human life
- How two primary statistical techniques help data analysts make forecasts about human behavior
- How to understand statistical ideas that illuminate many phenomena
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Why you should read Super Crunchers
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| “There are three kinds of lies,” said Benjamin Disraeli, “lies, damned lies and statistics.” But, like it or not, the world is becoming more quantitative every day and no one can afford to be statistically innumerate. If you live in Excel and use quantitative techniques daily, this may come as no surprise. What may be surprising, even to data-heads, is the extent to which statistical methods are illuminating areas of human life hitherto relegated to “experts.” Call it the new age of empiricism or the rise of numerical “super crunchers,” but, whatever the name, the trend is real. In this book, Yale law professor and econometrician Ian Ayres provides an unbiased sample of entertaining anecdotes showing how quantitative thinkers are taking over and why the trend is unlikely to abate. The caveat: as the world and its feedback loops get increasingly complex, is regression less useful? If so, Ayers is a bit optimistic. Yet, getAbstract finds that his book, as well as being entertaining and vigorously written, offers a painless review of important statistical ideas that even Disraeli would’ve found hard to challenge. |
About the Author
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Ian Ayres is the William K. Townsend Professor at Yale Law School and a professor at the Yale School of Management.
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| Style |
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Level of Expertise
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