The Power of Experiments: Decision Making in a Data-Driven World

Michael Luca

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Sprache: Englisch

Verlag: MIT Press Ltd, 2020

0262043874 / 9780262043878

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How organizations--including Google, StubHub, Airbnb, and Facebook--learn from experiments in a data-driven world.Have you logged into Facebook recently? Searched for something on Google? Chosen a movie on Netflix? If so, you've probably been an unwitting participant in a variety of experiments--also known as randomized controlled trials--designed to test the impact of different online experiences. Once an esoteric tool for academic research, the randomized controlled trial has gone mainstream. No tech company worth its salt (or its share price) would dare make major changes to its platform without first running experiments to understand how they would influence user behavior. In this book, Michael Luca and Max Bazerman explain the importance of experiments for decision making in a data-driven world. Luca and Bazerman describe the central role experiments play in the tech sector, drawing lessons and best practices from the experiences of such companies as StubHub, Alibaba, and Uber. Successful experiments can save companies money--eBay, for example, discovered how to cut $50 million from its yearly advertising budget--or bring to light something previously ignored, as when Airbnb was forced to confront rampant discrimination by its hosts. Moving beyond tech, Luca and Bazerman consider experimenting for the social good--different ways that govenments are using experiments to influence or nudge behavior ranging from voter apathy to school absenteeism. Experiments, they argue, are part of any leader's toolkit. With this book, readers can become part of the experimental revolution. …

Bestandsnummer des Verkäufers CIN0262043874VG

Titel
The Power of Experiments: Decision Making in a Data-Driven World
Autor
Michael Luca
Verlag
MIT Press Ltd
Erscheinungsjahr
2020
Zustand
Very Good
Einband
Hardback
Sprache
Englisch
ISBN-10
0262043874
ISBN-13
9780262043878

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