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Super Crunchers

Why Thinking-by-Numbers Is the New Way to Be Smart
by: Ian Ayres
in: Economics
Summary:

The book explores the rise of big data and the impact of statistical analysis on decision-making across various industries. It delves into real-world examples of how number-crunching algorithms are surpassing traditional expert judgment and transforming fields like business, health, and government.

Key points:

1. Data-Driven Decision Making: Ayres stresses the need to use large datasets for better decisions, as intuition or expert opinion alone is outdated. Data analysis reveals patterns for more accurate decisions in various sectors.

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