Books like The flaw of averages by Sam L. Savage
A must-read for anyone who makes business decisions that have a major financial impact. As the recent collapse on Wall Street shows, we are often ill-equipped to deal with uncertainty and risk. Yet every day we base our personal and business plans on uncertainties, whether they be next month's sales, next year's costs, or tomorrow's stock price. In The Flaw of Averages, Sam Savageknown for his creative exposition of difficult subjects describes common avoidable mistakes in assessing risk in the face of uncertainty. Along the way, he shows why plans based on average assumptions are wrong, on average, in areas as diverse as healthcare, accounting, the War on Terror, and climate change. In his chapter on Sex and the Central Limit Theorem, he bravely grasps the literary third rail of gender differences. Instead of statistical jargon, Savage presents complex concepts in plain English. In addition, a tightly integrated web site contains numerous animations and simulations to further connect the seat of the reader's intellect to the seat of their pants. The Flaw of Averages typically results when someone plugs a single number into a spreadsheet to represent an uncertain future quantity. Savage finishes the book with a discussion of the emerging field of Probability Management, which cures this problem though a new technology that can pack thousands of numbers into a single spreadsheet cell. Praise for The Flaw of Averages "Statistical uncertainties are pervasive in decisions we make every day in business, government, and our personal lives. Sam Savage's lively and engaging book gives any interested reader the insight and the tools to deal effectively with those uncertainties. I highly recommend The Flaw of Averages." --William J. Perry, Former U.S. Secretary of Defense "Enterprise analysis under uncertainty has long been an academic ideal. . . . In this profound and entertaining book, Professor Savage shows how to make all this practical, practicable, and comprehensible." --Harry Markowitz, Nobel Laureate in Economics
First publish date: 2009
Authors: Sam L. Savage
★
★
★
★
★
0.0 (0 community ratings)
How are these books recommended?
The books recommended for The flaw of averages by Sam L. Savage are shaped by reader interaction. Votes on how closely books relate, user ratings, and community comments all help refine these recommendations and highlight books readers genuinely find similar in theme, ideas, and overall reading experience.
Have you read any of these books?
Your votes, ratings, and comments help improve recommendations and make it easier
for other readers to discover books they’ll enjoy.
Books similar to The flaw of averages (9 similar books)
Daniel Kahneman's "Thinking, Fast and Slow" explains how two distinct mental systems shape our judgments and decisions, offering insights into the biases that influence everyday choices.
Similar?
✓ Yes
0
✗ No
0
Seven pioneering business leaders who shaped the modern world of enterprise and capitalism.
Similar?
✓ Yes
0
✗ No
0
A practical guide for individual investors that explains how to build and maintain a lifetime investment plan, covering stocks, bonds, risk-return relationships, market efficiency, and disciplined saving strategies.
Similar?
✓ Yes
0
✗ No
0
The ingenious guide to making your resume stand out from the crowd . . .175 High-Impact Resumes, Third Edition provides the tools, tips, and examples you need to build a professional resume that packs a punch. It guides you step by step through the process of constructing your resume and highlighting key components while giving you a clear understanding of the design, content, and overall performance of each part. You'll learn how and when to use a variety of resume formats, including chronological, functional, linear, and others.With 175 hand-picked, successful resumes of both experienced job seekers and recent college grads, there's definitely a resume here that suits your needs. Almost all the resumes in this new Third Edition have been revised and updated to reflect the current thinking and terminology of the employment profession.And there's more:A new chapter that provides a practical checklist of the "do's" and "don'ts" of resume writingGuidelines for preparing a professional electronic resumeResults of an authoritative survey of employment professionals that highlight what employers look for in resumesResumes across a wide array of occupational areas, including administration, finance, accounting, human resources, public relations, law, marketing, sales, technical services, engineering, education, retail, and many moreBy following the guidelines and model resumes in this invaluable book, you can automatically build a highly effective professional resume with wallop. Regardless of your level of experience and no matter what industry you're in, 175 High-Impact Resumes, Third Edition will help you get the big interview and land that knockout job.
Similar?
✓ Yes
0
✗ No
0
Explore the surprising parallels between Wall Street trading and poker, revealing how both demand rapid risk assessment and strategic decision-making to win or survive.
Similar?
✓ Yes
0
✗ No
0
A practical guide on how to create a perfect cover letter for your job application, focusing on creating highly effective letters that stand out from the competition.
Similar?
✓ Yes
0
✗ No
0
When first published in 1959, this book revolutionized contemporary thinking about science and knowledge. It remains the one of the most widely read books about science to come out of the twentieth century.
Similar?
✓ Yes
0
✗ No
0
Robert Menschel examines how crowd psychology fuels market bubbles—from the Dutch tulip mania to the 1990s Internet boom—and offers investors practical guidance to stay rational in volatile environments.
Similar?
✓ Yes
0
✗ No
0
Some Other Similar Books
Superforecasting: The Art and Science of Prediction by Philip E. Tetlock and Dan GardnerThe Signal and the Noise: Why So Many Predictions Fail—but Some Don't by Nate Silver
The Art of Strategy: A Game Theorist's Guide to Success in Business and Life by Avinash K. Dixit and Barry J. Nalebuff
The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb
Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard H. Thaler and Cass R. Sunstein
Data, Data, Everywhere: A Guide to Data Management and Data Analytics by David Loshin
The Drunkard's Walk: How Randomness Rules Our Lives by Leonard Mlodinow
Predictably Irrational: The Hidden Forces That Shape Our Decisions by Dan Ariely
Have a similar book in mind? Let others know!
Please login to submit books!