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Standard Deviations

Standard Deviations


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About the Book

The mathematical certainty of Nate Silver meets the insights of
Daniel Kahneman in this lively deconstruction of lies, damned lies,
and statistics
Did you know that having a messy room will make you racist? Or that human
beings possess the ability to postpone death until after important ceremonial
occasions? Or that people live three to five years longer if they have positive
initials, like ACE? All of these ‘facts’ have been argued with a straight face by
researchers and backed up with reams of data and convincing statistics.
As Nobel Prize-winning economist Ronald Coase once cynically observed, ‘If
you torture data long enough, it will confess.’ Lying with statistics is a timehonoured
con. In Standard Deviations, economics professor Gary Smith walks
us through the various tricks and traps that people use to back up their own
crackpot theories. Sometimes, the unscrupulous deliberately try to mislead
us. Other times, the well-intentioned are blissfully unaware of the mischief
they are committing. Today, data are so plentiful that researchers spend
precious little time distinguishing between good, meaningful deductions and
total rubbish. Not only do others use data to fool us, we fool ourselves.
Drawing on breakthrough research in behavioural economics by luminaries
like Daniel Kahneman and Dan Ariely, and taking to task some of the
conclusions of Freakonomics author Steven D. Levitt, Standard Deviations
demystifies the science behind statistics and brings into stark relief the fraud
that surrounds us all.
? A myth-busting exposé of the dangers of accepting the claims of the
ubiquitous ‘big data’ that will make you think twice about both the
news and conventional wisdom
? For readers of The Signal and the Noise and Thinking, Fast and Slow
? Notably goes head to head with some of the conclusions of the
bestselling Freakonomics

About the Author

Gary Smith received his PhD in Economics from Yale University and taught there for seven years. He is the Fletcher Jones Professor of Economics at Pomona College in Claremont, California. This is his first book for general readers.


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Product Details
  • ISBN-13: 9780715649145
  • Publisher: G Duckworth
  • Binding: Paperback
  • Height: 234 mm
  • Weight: 491 gr
  • ISBN-10: 0715649140
  • Publisher Date: 25 Sep 2014
  • Depth: 24
  • No of Pages: 304
  • Width: 156 mm

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