68 min listen
Ian Ayres on Super Crunchers and the Power of Data
FromEconTalk
ratings:
Length:
63 minutes
Released:
Oct 22, 2007
Format:
Podcast episode
Description
Ian Ayres of Yale University Law School talks about the ideas in his new book, Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart. Ayres argues for the power of data and analysis over more traditional decision-making methods using judgment and intuition. He talks with EconTalk host Russ Roberts about predicting the quality of wine based on climate and rainfall, the increasing use of randomized data in the world of business, the use of evidence and information in medicine rather than the judgment of your doctor, and whether concealed handguns or car protection devices such as LoJack reduce the crime rate. The podcast closes with a postscript by Roberts challenging the use of sophisticated statistical techniques to analyze complex systems.
Released:
Oct 22, 2007
Format:
Podcast episode
Titles in the series (100)
The Economics of Religion: Larry Iannaccone and Russ Roberts discuss why Americans are more religious than Europeans, why Americans became more religious after the colonies became the United States and why it can be rational and rewarding to make religious sacrifices. by EconTalk