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Super Crunchers
''Super Crunchers: Why Thinking-by-Numbers Is the New Way to be Smart'' is a book written by Ian Ayres, a law professor at Yale Law School, about how quantitative analysis of social behaviour and natural experiment can be creatively deployed to reveal insights in all areas of life, often in unexpected ways. With examples such as predicting gestation period more precisely than Naegele's rule, predicting the box office success of films, Orley Ashenfelter's work predicting the price of Bordeaux wine based on weather data, collecting data on the effectiveness of teaching methods such as DISTAR, choosing baseball players based on statistics (Sabermetrics), and A/B testing to determine the most effective advertisements, Ayres explains how statistical evidence can be used as a supplement or substitute for human intuition. The main mathematical approach used in these studies is multiple regression analysis. Awards * The Economist – Books of the Year 2007 See also * Freakonomics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ian Ayres
Ian Ayres (born 1959) is an American lawyer and economist. Ayres is a professor at Yale Law School and at the Yale School of Management. Early life and education Ayres grew up in Kansas City, Missouri, where they graduated from Pembroke Country Day School in 1977. They played varsity basketball, ran cross country, and served as executive editor of their high school newspaper. Ayres wrote an op-ed piece their senior year called "Black Like Me" (named for the 1961 book of the same name), a controversial piece detailing the consequences of their checking the "African- American" box for race on his PSAT, which led to consideration for academic awards. Ayres graduated ''summa cum laude'' in 1981 from Yale University with a dual degree in Russian studies and economics. Ayres then received their J.D. at Yale Law School in 1986, where Ayres was an editor of the ''Yale Law Journal''. Ayres received their Ph.D. in economics at the Massachusetts Institute of Technology in 1988. Career Ay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DISTAR
Distar may refer to: * DiStar, an electronics manufacturer based in Thailand * DISTAR, a method of direct instruction for teaching reading * Distar Air, a Czech aircraft manufacturer * Společnost DISTAR CZ a.s., a diversified Czech manufacturing company {{Disambig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Library Of Economics And Liberty
Liberty Fund, Inc. is an American nonprofit foundation headquartered in Carmel, Indiana, that promotes the libertarian views of its founder, Pierre F. Goodrich, through publishing, conferences, and educational resources. The operating mandate of the Liberty Fund was set forth in an unpublished memo written by Goodrich "to encourage the study of the ideal of a society of free and responsible individuals".Robert T. Grimm (ed.), ''Notable American Philanthropists: Biographies of Giving and Volunteering'', Greenwood Publishing Group, 2002, pp. 125–128 History Liberty Fund was founded by entrepreneur Pierre F. Goodrich in 1960. Goodrich, "one of the richest men in Indiana", was involved with coal mines, corn production, telecommunications, and securities. Goodrich was a member of the neoliberal or classically liberal Mont Pelerin Society, an international organization of academics, intellectuals, and business leaders who advocated free market economic policies. Goodrich was al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freakonomics
''Freakonomics: A Rogue Economist Explores the Hidden Side of Everything'' is the debut non-fiction book by University of Chicago economist Steven Levitt and ''New York Times'' journalist Stephen J. Dubner. Published on April 12, 2005, by William Morrow, the book has been described as melding pop culture with economics. By late 2009, the book had sold over 4 million copies worldwide. Based on the success of the original book, Levitt and Dubner have grown the ''Freakonomics'' brand into a multi-media franchise, with a sequel book, a feature film, a regular radio segment on National Public Radio, and a weekly blog. Overview The book is a collection of articles written by Levitt, an economist who had gained a reputation for applying economic theory to diverse subjects not usually covered by "traditional" economists. In ''Freakonomics'', Levitt and Dubner argue that economics is, at root, the study of incentives. The book's chapters cover: * Chapter 1: Discovering cheating as ap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intuition (knowledge)
Intuition is the ability to acquire knowledge without recourse to conscious reasoning or needing an explanation. Different fields use the word "intuition" in very different ways, including but not limited to: direct access to unconscious knowledge; unconscious cognition; gut feelings; inner sensing; inner insight to unconscious pattern-recognition; and the ability to understand something instinctively, without any need for conscious reasoning. Intuitive knowledge tends to be approximate. The word ''intuition'' comes from the Latin verb translated as "consider" or from the late middle English word , "to contemplate". Use of intuition is sometimes referred to as responding to a " gut feeling" or "trusting your gut". Psychology Freud According to Sigmund Freud, knowledge could only be attained through the intellectual manipulation of carefully made observations. He rejected any other means of acquiring knowledge such as intuition. His findings could have been an analytic turn of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A/B Testing
A/B testing (also known as bucket testing, split-run testing or split testing) is a user-experience research method. A/B tests consist of a randomized experiment that usually involves two variants (A and B), although the concept can be also extended to multiple variants of the same variable. It includes application of statistical hypothesis testing or " two-sample hypothesis testing" as used in the field of statistics. A/B testing is employed to compare multiple versions of a single variable, for example by testing a subject's response to variant A against variant B, and to determine which of the variants is more effective. Multivariate testing or multinomial testing is similar to A/B testing but may test more than two versions at the same time or use more controls. Simple A/B tests are not valid for observational, quasi-experimental or other non-experimental situations—commonplace with survey data, offline data, and other, more complex phenomena. Definition "A/B testing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sabermetrics
Sabermetrics (originally SABRmetrics) is the original or blanket term for sports analytics in the US, the empirical analysis of baseball, especially the development of advanced metrics based on baseball statistics that measure in-game activity. The term is derived from the movement's progenitors, members of the Society for American Baseball Research (SABR), founded in 1971, and was coined by Bill James, (in 1980, according to SABR.org), who is one of its pioneers and considered its most prominent advocate and public face. The term moneyball refers to the use of metrics to identify "undervalued players" and sign them to what ideally will become "below market value" contracts; it began as an effort by small-market teams to compete with the much greater resources of big-market ones. Early history English-American sportswriter Henry Chadwick developed the box score in New York City in 1858. This was the first way statisticians were able to describe the sport of baseball by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bordeaux Wine
Bordeaux wine (; ) is produced in the Bordeaux region of southwest France, around the city of Bordeaux, on the Garonne River. To the north of the city, the Dordogne River joins the Garonne forming the broad estuary called the Gironde; the Gironde department, with a total vineyard area of 110,800 hectares, is the second largest wine-growing area in France behind the Languedoc-Rousillon. Average vintages produce over 700 million bottles of wine, ranging from large quantities of daily table wine to some of the world's most expensive and prestigious wines. The vast majority of wine produced in Bordeaux is red (sometimes called "claret" in Britain), with sweet white wines (most notably Sauternes), dry whites, and (in much smaller quantities) rosé and sparkling wines ( Crémant de Bordeaux) collectively making up the remainder. Bordeaux wine is made by more than 5,660 producers or ''châteaux''. There are 65 appellations of Bordeaux wine. History Viticulture was introduce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statistics
Statistics (from German language, German: ', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model to be studied. Populations can be diverse groups of people or objects such as "all people living in a country" or "every atom composing a crystal". Statistics deals with every aspect of data, including the planning of data collection in terms of the design of statistical survey, surveys and experimental design, experiments. When census data (comprising every member of the target population) cannot be collected, statisticians collect data by developing specific experiment designs and survey sample (statistics), samples. Representative sampling assures that inferences and conclusions can reasonably extend from the sample ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orley Ashenfelter
Orley Clark Ashenfelter (born October 18, 1942) is an American economist and the Joseph Douglas Green 1895 Professor of Economics emeritus at Princeton University. His areas of specialization include labor economics, econometrics, and law and economics. He was influential in contributing to the applied turn in economics. Biography Orley Ashenfelter attended most of his K-12 education in National City, a suburb of San Diego. He graduated from Sweetwater H.S., in 1960, achieving many honors there. Born in San Francisco, Ashenfelter attended Claremont McKenna Men's College. Ashenfelter received a Ph.D. in economics from Princeton University in 1970, having completed a doctoral dissertation titled "Racial discrimination and labor markets". He has been director of the Office of Evaluation of the U.S. Department of Labor, a Guggenheim Fellow, and the Benjamin Meaker Visiting Professor at the University of Bristol. He was awarded the Frisch Medal in 1982. He is a recipient of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
