
Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart

Visa already does predict the probability of divorce based on credit card purchases
Ian Ayres • Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
Everybody knows that a baby is due roughly nine months after conception. However, few people know that the standard deviation is fifteen days.
Ian Ayres • Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
Both the wine dealers and writers have a vested interest in maintaining their informational monopoly on the quality of wine. The dealers use the perennially inflated initial rankings as a way to stabilize prices.
Ian Ayres • Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
Misdiagnosis accounts for about one-third of all medical error.
Ian Ayres • Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
Chicago law professor Cass Sunstein worries that there’s a social cost to exploiting the long tail. The more successful these personalized filters are, the more we as a citizenry are deprived of a common experience.
Ian Ayres • Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
On the one hand, this is a massive amount of information—it’s roughly equivalent to more than half the information contained in all the books in the Library of Congress.
Ian Ayres • Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
In fact, because the algorithm is not public, it is possible that eHarmony puts a normative finger on the scale to favor certain clients.
Ian Ayres • Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
As the size of datasets balloons almost beyond the scope of our imagination, it becomes all the more important to continually audit them to check for the possibility of error.
Ian Ayres • Super Crunchers: Why Thinking-by-Numbers Is the New Way to Be Smart
The timing is best explained by the digital breakthroughs that make it cheaper to capture, to merge, and to store huge electronic databases.