Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
by Ian Ayres
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Book Summary Information
Author: Ian AyresEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-08-28
ISBN: 0553805401
Number of pages: 272
Publisher: Bantam
Book Reviews of Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
Book Review: A Gospel for the Sub-Prime Architects
Summary: 2 Stars
Some overall good points, but utterly lacking in context. Yes, large data sets do steer us in the right direction, but, as someone with a background in mathematics and statistics will point out, a model is just that--a model.
Statistics is one of those relatively arcane pursuits where, in the hands of a master, it can educate, inspire and inform. However, in the wrong hands, or worse, in the hands of someone with just enough knowledge to be dangerous, it can lead to all sorts of problems. In fact, there are many 'trap-doors' in statistical analysis (for example, heteroscedasticity) which are not even touched upon in this book.
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