Super Crunchers: How Thinking by Numbers Is the New Way to Be Smart by Ian Ayres, James Lurie (Narrated by), James Lurie (Read by)

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(Compact Disc - Abridged, 5 CDs, 6 hours)

  • Pub. Date: August 2007
  • Sales Rank: 386,588
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    Product Details

    • Pub. Date: August 2007
    • Publisher: Random House Adult Trade Publishing Group
    • Format: Compact Disc
    • Sales Rank: 386,588

    Synopsis

    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 ex...

    Publishers Weekly

    An introduction to econometrics may not seem like the stuff that would keep listeners riveted-much less awake-during a long car ride, but Ayres's provocative audio does just that. Ever wonder how an airline decides to lower its prices? Or why businesses have preferred shopper cards? The answer is data, gigabytes upon terabytes of data. Companies are increasingly relying on data and number-crunching statisticians to make decisions, like how much money they can extract from consumers while still retaining their loyalty. Ayres's exploration of "super crunching" and its influence makes up the bulk of the audio, but listeners needn't navigate a sea of numbers. The discussion is illustrated by eye-opening examples such as how Continental Airlines took customer service to a new, personalized level and how Mexico instituted an innovative pay-for-performance parenting program. The final chapter on standard deviations may have some longing for the printed page or a PDF file with a graph or two, but overall, Lurie's mellow reading will make listeners firm believers in Ayres's refrain: "in a super crunching world, consumers can't afford to be asleep at the wheel." Simultaneous release with the Bantam hardcover (Reviews, June 4). (Sept.)

    Copyright 2007 Reed Business Information

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    Biography

    Ian Ayres ,an econometrician and lawyer, is the William K. Townsend Professor at Yale Law School, and a professor at Yale's School of Management. He is a regular commentator on public radio's Marketplace and a columnist for Forbes magazine. He is currently the editor of the Journal of Law, Economics and Organization, and has written eight books and more than a hundred articles.

    Customer Reviews

    If you loved Freakonomics, you'll loved Super Crunchersby dhweinflash

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    October 30, 2009: This book takes off the the other left off.

    Weak Book, No discussion of problems with the empirical work that he pushesby Anonymous

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    September 27, 2007: Just look at the first chapter, where Ian Ayres touts his research on lojack devices, There is no discussion why almost all the insurance companies oppose giving any discount on the devices being installed. Presumably there are too few purchases of the device because if I hide a lojack on my car, even those without lojack benefit because car theives can't tell if a car is protected before they take it. Even with free-riding problems, if people got their cars back in generally one piece, why shouldn't the insurance companies want to give some discount? If there is a free-riding problem, it could be solved by car companies putting the device on all their cars. For example, if Porche put lojacks on its cars, Porche is protected without any beneficial spillover for others. Yet, no one 'not Porche, BMW, Cadillac, etc.' follows this policy. Couldn't Ayres discuss these problems? Couldn't he even mention them? What about the empirical work that confirms these car or insurance companies might not be as stupid as Ayres claims that they are? If he has a response, why not even mention these problems? He touts research reportedly showing that more abortion reduces crime, but he fails to note that if one actually did what the authors said should be done to conduct the tests, the effect went away 'see 'Abortion, crime and econometrics.' Economist Magazine, December 1, 2005'. Again, why not mention these problems? Other parts of the book also have problems. Ayres' empirical work on discrimination has also been extensively criticized, but no one would ever know from his discussion about these problems. The book would have given readers a better feel for what empirical work entails if instead of just making accertions about findings 'even when those findings have been proven to be wrong', he had spent even a little time showing how people learn from these debates over his research. A book touting the importance of empirical work would gain some credibility if Ayres acknowledged the objections raised to his and his friend's work and explained why their results still held. The personal attacks that Ayres makes in the book are also filled with inaccuracies


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