The Flaw of Averages
The Flaw of Averages

Author: Sam L. Savage

Publisher: John Wiley & Sons

Published: 2012-03-13

Total Pages: 423

ISBN-13: 1118373588

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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

About Average
About Average

Author: Andrew Clements

Publisher: Simon and Schuster

Published: 2012-07-24

Total Pages: 144

ISBN-13: 1416997261

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Can average be amazing? The bestselling author of Frindle shows that with a little kindness, it can. Jordan Johnston is average. Not short, not tall. Not plump, not slim. Not gifted, not flunking out. Even her shoe size is average. She’s ordinary for her school, for her town, for even the whole wide world, it seems. Then Marlea Harkins, one of the most popular girls in school—and most definitely the meanest—does something unthinkable, and suddenly nice, average Jordan isn’t thinking average thoughts anymore. She wants to get Marlea back! But what’s the best way to beat a bully? Could it be with kindness? Called “a genius of gentle, high concept tales set in suburban middle school” by The New York Times, bestselling author Andrew Clements presents a compelling story of the greatest achievement possible—self-acceptance.

Life in Numbers: What Is Average?
Life in Numbers: What Is Average?

Author: Lesley Ward

Publisher: Teacher Created Materials

Published: 2024-02-13

Total Pages: 51

ISBN-13: 0743920988

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You don’t need to be a math teacher to understand and use averages. Farmers look at the rainfall average to figure out the best times to plant crops. Scientists perform experiments several times and calculate the average to see if their results are accurate. Learn about averages with this full-color informational text that is packed with fun facts, fascinating sidebars, and high-interest content. Featuring TIME? content and images, this full-color nonfiction book has text features such as a glossary, an index, and a table of contents to engage students in reading as they build their comprehension, vocabulary, and reading skills. The Reader’s Guide and extended Try It! activity increase understanding of the material, and develop higher-order thinking. Check It Out! offers print and online resources for additional reading. Keep students reading from cover to cover with this captivating text!

Average is the New Awesome
Average is the New Awesome

Author: Samantha Matt

Publisher: Seal Press

Published: 2020-01-07

Total Pages: 171

ISBN-13: 1580059341

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A celebration of ordinary awesomeness, for all of us who were told "You can do anything!" and then found out we actually can't Crappy homes, lame love lives, getting passed over for a great job (again)--not what we expected for our adulthoods. Americans tell their children you can become anything! But let's face it--most of us can't. Sure, some of our peers go on to become astronauts or billionaires. But most of us don't. In Average Is the New Awesome, Samantha Matt offers encouragement to us regular humans. Full of hilarious stories and insightful advice, this is a manifesto for ordinary awesomeness--for the beauty that can be found when we acknowledge that good enough really is good enough, and that greatness is ours to define.

Average Is Over
Average Is Over

Author: Tyler Cowen

Publisher: Penguin

Published: 2013-09-12

Total Pages: 263

ISBN-13: 0698138163

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Renowned economist and author of Big Business Tyler Cowen brings a groundbreaking analysis of capitalism, the job market, and the growing gap between the one percent and minimum wage workers in this follow-up to the New York Times bestseller The Great Stagnation. The United States continues to mint more millionaires and billionaires than any country ever. Yet, since the great recession, three quarters of the jobs created here pay only marginally more than minimum wage. Why is there growth only at the top and the bottom? Economist and bestselling author Tyler Cowen explains that high earners are taking ever more advantage of machine intelligence and achieving ever-better results. Meanwhile, nearly every business sector relies less and less on manual labor, and that means a steady, secure life somewhere in the middle—average—is over. In Average is Over, Cowen lays out how the new economy works and identifies what workers and entrepreneurs young and old must do to thrive in this radically new economic landscape.

The End of Average
The End of Average

Author: Todd Rose

Publisher: HarperCollins

Published: 2016-01-19

Total Pages: 174

ISBN-13: 0062358383

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Are you above average? Is your child an A student? Is your employee an introvert or an extrovert? Every day we are measured against the yardstick of averages, judged according to how closely we come to it or how far we deviate from it. The assumption that metrics comparing us to an average—like GPAs, personality test results, and performance review ratings—reveal something meaningful about our potential is so ingrained in our consciousness that we don’t even question it. That assumption, says Harvard’s Todd Rose, is spectacularly—and scientifically—wrong. In The End of Average, Rose, a rising star in the new field of the science of the individual shows that no one is average. Not you. Not your kids. Not your employees. This isn’t hollow sloganeering—it’s a mathematical fact with enormous practical consequences. But while we know people learn and develop in distinctive ways, these unique patterns of behaviors are lost in our schools and businesses which have been designed around the mythical “average person.” This average-size-fits-all model ignores our differences and fails at recognizing talent. It’s time to change it. Weaving science, history, and his personal experiences as a high school dropout, Rose offers a powerful alternative to understanding individuals through averages: the three principles of individuality. The jaggedness principle (talent is always jagged), the context principle (traits are a myth), and the pathways principle (we all walk the road less traveled) help us understand our true uniqueness—and that of others—and how to take full advantage of individuality to gain an edge in life. Read this powerful manifesto in the ranks of Drive, Quiet, and Mindset—and you won’t see averages or talent in the same way again.