3min chapter

People I (Mostly) Admire cover image

94. The Price of Doing Business with John List

People I (Mostly) Admire

CHAPTER

Randomized Experiments

The concept of randomization as a real thing really came up in the early 20s. "It is kind of befuddling that why would it take humanity so long to understand about the value of chance and the value of randomization?" he says. He was trying to go out in the world and exploit variation that was given to us.

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