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Home > Business & Economics > Information Mgmt > Super Crunchers
Super Crunchers
by Ayres, Ian
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Super Crunchers
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.


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Title of ebook: Super Crunchers
ISBN: 9780553904130
parent-ISBN: 9780553805406
Publisher: Bantam Books
Published: 08-2007
Released online for download: 08-28-2007
Author of eBook: Ayres, Ian

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Super Crunchers

Why Thinking-by-Numbers Is the New Way to Be Smart
Chapter One


Who's Doing Your Thinking for You?

Recommendations make life a lot easier. Want to know what movie to rent? The traditional way was to ask a friend or to see whether reviewers gave it a thumbs-up.

Nowadays people are looking for Internet guidance drawn from the behavior of the masses. Some of these "preference engines" are simple lists of what's most popular. The New York Times lists the "most emailed articles." iTunes lists the top downloaded songs. Del.icio.us lists the most popular Internet bookmarks. These simple filters often let surfers zero in on the greatest hits.

Some recommendation software goes a step further and tries to tell you what people like you enjoyed. Amazon tells you that people who bought The Da Vinci Code also bought Holy Blood, Holy Grail. Netflix gives you recommendations that are contingent on the movies that you yourself have recommended in the past. This is truly "collaborative filtering," because your ratings of movies help Netflix make better recommendations to others and their rati ... read full excerpt from: Super Crunchers ebook


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