Why would a casino try and stop you from losing? How can a mathematical formula find your future spouse? Would you know if a statistical analysis blackballed you from a job you wanted? Today, number crunching affects your life in ways you might never imagine. In this lively and groundbreaking new book, economist Ian Ayres shows how today's best and brightest organizations are analyzing massive databases at lightening speed to provide greater insights into human behavior. They are the Super Crunchers. From internet sites like Google and Amazon that know your tastes better than you do, to a physician's diagnosis and your child's education, to boardrooms and government agencies, this new breed of decision makers are calling the shots. And they are delivering staggeringly accurate results. How can a football coach evaluate a player without ever seeing him play? Want to know whether the price of an airline ticket will go up or down before you buy? How can a formula outpredict wine experts in determining the best vintages? Super crunchers have the answers. In this brave new world of equation versus expertise, Ayres shows us the benefits and risks, who loses and who wins, and how super crunching can be used to help, not manipulate us. Gone are the days of solely relying on intuition to make decisions. No businessperson, consumer, or student who wants to stay ahead of the curve should make another keystroke without reading Super Crunchers. From the Hardcover edition.
As Freakonomics detailed, statistical analysis can reveal the secret levers of causation. But economist Ian Ayres argues that that's only part of the story - super crunching is revolutionizing the way we all make decisions.
Author: Ian Ayres
Publisher: Hachette UK
Companies used to rely on human experts and their years of experience to guide them. Now, cutting-edge organizations are mining the data and crunching numbers instead, to come up with more accurate, less biased predictions. As Freakonomics detailed, statistical analysis can reveal the secret levers of causation. But economist Ian Ayres argues that that's only part of the story - super crunching is revolutionizing the way we all make decisions. Beginning with examples of the mathematician who out-predicted wine buffs in determining the best vintages, and the sports scouts who now use statistics rather than intuition to pick winners, Super Crunchers exposes the world of data-miners, introducing the people and the techniques. It illuminates the hidden patterns all around us. No businessperson, academic, student, or consumer (statistically that's everyone) should make another move without getting to grips with thinking-by-numbers - the new way to be smart, savvy and statistically superior.
Release on 2014-09-29 | by BusinessNews Publishing
The must-read summary of Ian Ayres' book: "Super Crunchers: Why Thinking-By-Numbers Is the New Way to Be Smart".
Author: BusinessNews Publishing
The must-read summary of Ian Ayres' book: "Super Crunchers: Why Thinking-By-Numbers Is the New Way to Be Smart". This complete summary of the ideas from Ian Ayres' book "Super Crunchers" shows that the number crunchers are starting to consistently outperform the experts. Those who rely on their intuition to make good decisions are now starting to get left behind by a new breed of number crunchers – called “Super Crunchers” – who mine huge databases to reveal underlying relationships. In his book, the author explains the benefits of becoming a super cruncher and having all the answers. This summary demonstrates how you can become one and the benefits this will bring for your company and career. Added-value of this summary: • Save time • Understand key concepts • Expand your knowledge To learn more, read "Super Crunchers" and become a decision-maker with a better way of doing things.
From Internet sites like Google and Amazon that use filters to keep track of your tastes and your purchasing history, to insurance companies and government agencies that every day make decisions affecting your life, the brave new world of ...
... Cruncher decision tree surpassed the crowd. As Professor Ayres noted, Super Crunchers have the power of “invading and displacing traditional experts,” such
as the Supreme Court experts the Forecasting Project selected, and, as this ...
Yale Law School professor and econometrician Ian Ayres' (2007) bestselling
book is aptly titled Super Crunchers: Why Thinking-by-Numbers is the New Way
to be Smart. The Economist (2007) forewarns, “Super Crunchers presents a ...
Author: Liqun Cao
Category: Social Science
As the world’s second largest economy, China has made great progress in developing criminology. The Routledge Handbook of Chinese Criminology aims to be a key reference point to summarize the large body of literature in both Chinese and English about various aspects of crime and its control in China for international scholars with an interest in the development of criminological research on and in the Greater China region, and for everyone with a broad interest in international criminology. The editors of the handbook have selected authoritative contributors recognized for their research and scholarship on China, Hong Kong Macao, and Taiwan. This handbook consists of five sections: An account of the development of criminology as an academic discipline in modern China, as well as some of the unique theories, strategies, or philosophies of crime control that have emerged, An analysis of the criminal justice system in China, including the police, the courts, corrections, juvenile justice and the death penalty, An exploration of the issues and problems in conducting research in China, Reflections on the nature of crime and criminality in China, including drugs, prostitution, human trafficking, corruption, floating population, domestic violence, and white-collar crime, An account of crime and criminal justice in Taiwan, Hong Kong, and Macao. The book presents a coherent and comprehensive collection of essays on current research and theory in criminology, crime and justice in China and Greater China, and the Editors’ Introduction and Conclusion provide further contextualisation of the Handbook’s key themes.
editorial in Science, the best-selling books Freakonomics and Super Crunchers,
a book on academic honesty controversies, and books on gun control issues. Lott
has responded to personal and research criticisms at length in More Guns, ...
Author: Gregg Lee Carter
Thoroughly updated and greatly expanded from its original edition, this three-volume set is the go-to comprehensive resource on the legal, social, psychological, political, and public health aspects of guns in American life. • 450 alphabetically organized entries, including 100 new for this edition, covering key issues (suicide, video games and gun violence, firearm injury statistics) and events (workplace shootings, the Virginia Tech massacre) • 102 expert contributors from all academic fields involved in studying the causes and effects of gun violence • A chronology of pivotal moments and controversies in the history of firearm ownership and use in the United States • An exhaustive bibliography of print and online resources covering all aspects of the study of guns in the United States • Appendices on federal gun laws, state gun laws, and pro- and anti-gun-control organizations
Ian Ayres, Super Crunchers: Why Thinking-By-Numbers Is the New Way to Be
Smart (New York: Bantam Dell Books, 2007). The original citation is Andrew D.
Martin et al., “Competing Approaches to Predicting Supreme Court Decision
Author: Phil Rosenzweig
Publisher: Profile Books
Category: Business & Economics
Dozens of books have been published recently on the errors and biases that affect our judgments and choices. Drawing on cognitive science, their lessons are excellent for many kinds of decisions - consumer choice and financial investments, for example - but stop short of addressing many of the most important decisions we face in management, where we can actively influence outcomes and where competitive forces mean we have to outperform rivals. As Phil Rosenzweig shows, drawing on examples from business, sports and politics, this sort of decision-making relies on mastering two very different abilities. First, the analytical problem-solving skills associated with the brain's left hemisphere; and second, what Tom Wolfe called 'the Right Stuff': the ability to take calculated risks. Bringing fresh and often surprising insights to topics including confidence and overconfidence, the uses and limits of decision models, leadership and authenticity, expert performance and deliberate practice, competitive bidding and new venture management, Left Brain, Right Stuff, the myth-busting follow-up to The Halo Effect, explains how to perform when making even the most difficult decisions.
Although the rise of “super crunching” threatens the status of many traditional
jobs, the future belongs to those who can ... Teachers as inquirers can play an
important role by working collaboratively with academics and their super crunchers, ...
Author: Carolyn A. Babione
Publisher: John Wiley & Sons
Teacher inquiry helps improve educational outcomes Practitioner Teacher Inquiry and Research explores theconcept and importance of the teacher practitioner, and preparesstudents in teacher education courses and programs to conductresearch in the classroom. Author Carolyn Babione has extensiveexperience in undergraduate- and graduate-level teacher trainingand teacher inquiry coursework. In the book, Babione guidesstudents through the background, theory, and strategy required tosuccessfully conduct classroom research. The first part of the booktackles the "how-to" and "why" of teacher inquiry, while the secondpart provides students with real-life practitioner inquiry researchprojects across a range of school settings, content areas, andteaching strategies. The book's discussion includes topics suchas: Underlying cultural and historical perspectives surrounding theteaching profession Hidden stereotypes that limit teacher beliefs about power andvoice Current curriculum innovation and reflections on moderndevelopments Practitioner Teacher Inquiry and Research successfullyguides and encourages budding teachers to fully understand theimportance of their involvement in studying and researching theirclassroom settings, giving a better understanding of how theirbeliefs and teaching practices impact classroom learning.
... parameters of Super Crunchers: Why Thinking-by-Numbers Is the New Way to
Be Smart (Ayres) “The Superinvestors of Graham-and-Doddsville” (Buffett)
Survivorship bias Sustainable alpha Taleb, Nassim Teledyne Tetlock, Philip
Theory of ...
Author: Wesley R. Gray
Publisher: John Wiley & Sons
Category: Business & Economics
A must-read book on the quantitative value investmentstrategy Warren Buffett and Ed Thorp represent two spectrums ofinvesting: one value driven, one quantitative. Where they align isin their belief that the market is beatable. This book seeks totake the best aspects of value investing and quantitative investingas disciplines and apply them to a completely unique approach tostock selection. Such an approach has several advantages over purevalue or pure quantitative investing. This new investing strategyframed by the book is known as quantitative value, a superior,market-beating method to investing in stocks. Quantitative Value provides practical insights into aninvestment strategy that links the fundamental value investingphilosophy of Warren Buffett with the quantitative value approachof Ed Thorp. It skillfully combines the best of Buffett and EdThorp—weaving their investment philosophies into a winning,market-beating investment strategy. First book to outline quantitative value strategies as they arepracticed by actual market practitioners of the discipline Melds the probabilities and statistics used by quants such asEd Thorp with the fundamental approaches to value investing aspracticed by Warren Buffett and other leading value investors A companion Website contains supplementary material that allowsyou to learn in a hands-on fashion long after closing the book If you're looking to make the most of your time in today'smarkets, look no further than Quantitative Value.