Super Crunchers

Buchzusammenfassung

Ian Ayres is an American economist, lawyer, and author known for his work in the fields of law and economics, behavioral economics, and corporate law. He has made significant contributions to these areas through his research, writings, and academic work.

Super crunching is revolutionizing decision-making by consistently outperforming human intuition across various fields, as demonstrated by psychologist Paul Meehl’s studies comparing expert predictions to statistical models. While human judgment is often clouded by biases, algorithms excel in accuracy, reshaping roles like loan officers and enhancing fields like matchmaking and fraud detection through methods like regression analysis. Randomized testing further drives advancements in medicine, business, and public policy by offering precise, data-driven insights, as seen in experiments like Move to Opportunity and MIT’s Poverty Action Lab. By blending human expertise with statistical tools, super crunching is transforming how we analyze, predict, and solve complex problems.

“My nephew Marty has a T-shirt that says on the front: “There are 10 types of people in the world…” If you read these words and are trying to think of what the ten types are, you’ve already typed yourself. The back of the shirt reads: “Those that understand binary, and those that don’t.”

Joel Waldfogel is one of the smartest and funniest economists on the planet. I think of him every time I start to unwrap a present. Buy Scroogenomics for your friends and family. It makes the perfect Christmas gift.

“When it comes to apples, Adam and Eve aren't alone in being impatient when presented with an immediate temptation."

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