9781468313758

What the Luck?

Format: Hardcover

ISBN13: 9781468313758

Hardcover|9781468313758


Overview

In Israel, pilot trainees who were praised for doing well subsequently performed worse, while trainees who were yelled at for doing poorly performed better. It is an empirical fact that highly intelligent women tend to marry men who are less intelligent. Students who get the highest scores in third grade generally get lower scores in fourth grade.And yet, it's wrong to conclude that screaming is not more effective in pilot training, women choose men whose intelligence does not intimidate them, or schools are failing third graders. In fact, there's one reason for each of these empirical facts: Statistics. Specifically, a statical concept called Regression to the Mean.Regression to the mean seeks to explain, with statistics, the role of luck in our day to day lives. An insufficient appreciation of luck and chance can wreak all kinds of mischief in sports, education, medicine, business, politics, and more. It can lead us to see illness when we are not sick and to see cures when treatments are worthless. Perfectly natural random variation can lead us to attach meaning to the meaningless.Freakonomics showed how economic calculations can explain seemingly counterintuitive decision-making. Thinking, Fast and Slow, helped readers identify a host of small cognitive errors that can lead to miscalculations and irrational thought.  In What the Luck?, statistician and author Gary Smith sets himself a similar goal, and explains--in clear, understandable, and witty prose--how a statistical understanding of luck  can change the way we see just about every aspect of our lives...and can help us learn to rely less on random chance, and more on truth.

ISBN-13

9781468313758

ISBN-10

1468313754

Weight

1.75 Pounds

Dimensions

6.30 x 1.10 x 9.30 In

List Price

$28.95

Edition

1st Edition

Format

Hardcover

Language

English

Pages

304 pages

Publisher

Abrams Press

Published On

2016-10-04



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