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Gone are the days of solely relying on intuition to make decisions. Today, number crunching affects your life in ways you might never imagine. Economist Ian Ayres shows how today's organizations are analyzing massive databases at lightning speed to provide greater insights into human behavior. From Web sites like Google and Amazon that know your tastes, to a physician's diagnosis or your child's education, to boardrooms and government agencies, this new breed of decisionmakers are calling the shots. And they are delivering staggeringly accurate results. How can a football coach evaluate a player without ever seeing him play? 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.--From publisher description. 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.
Statistics --- Regression analysis --- Sampling (Statistics) --- Standard deviations --- Statistique --- Analyse de régression --- Echantillonnage (Statistique) --- 311 --- besluitvorming --- kwantitatieve methoden --- regressie-analyse --- steekproeftechnieken --- wiskundige statistiek --- 519.2 --- Statistische methoden --- Probability. Mathematical statistics --- Regression analysis. --- Standard deviations. --- Statistics. --- Sampling (Statistics). --- 519.2 Probability. Mathematical statistics --- 311 Statistische methoden --- Analyse de régression --- #KVHB:Waarschijnlijkheidsrekening --- #KVHB:Getallenkrakers --- Statistical analysis --- Statistical data --- Statistical methods --- Statistical science --- Mathematics --- Econometrics --- Deviations, Root-mean-square --- Deviations, Standard --- Root-mean-square deviations --- Analysis of variance --- Deviation (Mathematics) --- Random sampling --- Statistics of sampling --- Mathematical statistics --- Analysis, Regression --- Linear regression --- Regression modeling --- Multivariate analysis --- Structural equation modeling --- #KVHB:Statistiek --- statistique --- statistiek
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Spurred by the advances in option theory that have been remaking financial and economic scholarship over the past thirty years, a revolution is taking shape in the way legal scholars conceptualize property and the way it is protected by the law. Ian Ayres's Optional Law explores how option theory is overthrowing many accepted wisdoms and producing tangible new tools for courts in deciding cases. Ayres identifies flaws in the current system and shows how option theory can radically expand and improve the ways that lawmakers structure legal entitlements. An option-based system, Ayres shows, gives parties the option to purchase-or the option to sell-the relevant legal entitlement. Choosing to exercise a legal option forces decisionmakers to reveal information about their own valuation of the entitlement. And, as with auctions, entitlements in option-based law naturally flow to those who value them the most. Seeing legal entitlements through this lens suggests a variety of new entitlement structures from which lawmakers might choose. Optional Law provides a theory for determining which structure is likely to be most effective in harnessing parties' private information. Proposing a practical approach to the foundational question of how to allocate and protect legal rights, Optional Law will be applauded by legal scholars and professionals who continue to seek new and better ways of fostering both equitable and efficient legal rules.
Law --- Real options (Finance) --- Property. --- Remedies (Law) --- Civil remedies --- Code remedies --- Actions and defenses --- Civil procedure --- Property --- Economics --- Possession (Law) --- Things (Law) --- Wealth --- Options (Finance) --- Acts, Legislative --- Enactments, Legislative --- Laws (Statutes) --- Legislative acts --- Legislative enactments --- Jurisprudence --- Legislation --- Mathematical models. --- Law and legislation --- Mathematical models --- E-books --- Primitive property --- property, law, option theory, legal entitlements, valuation, purchase, sale, finance, economics, real options, mathematical models, remedies, extensions, liability, dual-chooser, single-chooser, nonfiction, multiple takings, bargaining, right, benefit, courts, judicial system, lawmakers, information, capitalism, trade, exchange.
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Discrimination --- Markets --- Race discrimination --- Sex discrimination --- Economic aspects
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