FROM INTERNET SOURCES, IN ALPHABETICAL ORDER, WITH NO CLAIMS OF A COMPLETE LIST Applied Econometric Time Series, W. Enders, 1995, New York, John Wiley & Sons. Elements of Statistical Learning, T. Hastie, R. Tibshirami, and J Friedman, 2001, New York, Springer. Categorical Data Analysis, (2nd ed.), Agresti, A. New York: John Wiley & Sons, 2002. […]
INFORMATION SCIENCE When DSN was visiting Stanford’s Department of Management Science and Engineering in the late 90s, it was called “Engineering-Economic Systems and Operations Research”. A change for the better, no? One thing that hasn’t changed is the excellence of the people there. We just got our copy David Luenberger’s new Information Science. Not only […]
WEB EXPERIMENTS MUST BE GOOD WEB SITES To do a good web-based experiment, a researcher needs to keep the drop-out rate as low as possible. Good Web design is key to getting people to take experiments seriously and to finish what they start. By encouraging good coding practices, it also improves cross-platform and cross-browser performance. […]
The AMA Foundation announces Simply Better: Winning and Keeping Customers by Delivering What Matters Most by Patrick Barwise and Sean Meehan as the recipient of the 2005 Berry-AMA Book Prize. The book offers a “back to the basics” approach to marketing by advocating that consumers want products that are “simply better” in terms of quality, […]
FOOLED BY RANDOMNESS: THE HIDDEN ROLE OF CHANCE IN THE MARKETS AND IN LIFE Nassim Nicholas Taleb does it all, he’s a successful trader, author, and academic. His book Fooled by Randomness is soon to come out in paperback, and draws on sources from Finance to Literature to address the role of chance in life. […]
BOUNDED RATIONALITY: THE ADAPTIVE TOOLBOX by Gerd Gigerenzer and Rienhard Selten. How do real people make decisions in an uncertain world? In the book Bounded rationality: The adaptive tool box, Gigerenzer and Selten (et al.) investigate the constraints of limited information and time upon human logic and reasoning in the decision making process. The authors […]
RATIONAL CHOICE IN AN UNCERTAIN WORLD BY REID HASTIE AND ROBYN M. DAWES The Psychology of Judgement and Decision Making. Intended as an introductory textbook for both undergraduate and graduate students, Rational Choice In An Uncertain World lays out the foundations of decision science. In a non-technical style, Hastie and Dawes compare basic principles of […]
THE WISDOM OF CROWDS BY JAMES SUROWIECKI Why the many are smarter than the few and how collective wisdom shapes business, economies, societies, and nations Traditionally, social sciences view the crowd as an unpredictable, dumb, and panicky monster. Now there is another point of view. New Yorker columnist James Surowiecki, who writes a popular business […]
