Taking Thin Slices of Data Will Lead to Better Decisions

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Econ professor Russ O'Connell talks about the importance of thinking on the margin. He says that when you add data from a different regime or a long time ago, it can lead to misleading decisions. His guest today is john liszt, who will be discussing his new book "The Adam smith Mamma"

Economist John List of the University of Chicago talks about his book, The Voltage Effect, with EconTalk host Russ Roberts. He discusses what determines scalability and argues that the only good ideas that count are those that scale. Along the way, he draws on his experiences as chief economist of Uber and Lyft to peer inside the black box of ride sharing.