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The power of experiments : (Record no. 21786)

000 -LEADER
fixed length control field 03621cam a2200241 i 4500
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN 9780262043878
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN 9780262542272
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title English
082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330.019
Item number LUC
100 1# - MAIN ENTRY--AUTHOR NAME
Author name Luca, Michael,
245 14 - TITLE STATEMENT
Title The power of experiments :
Sub Title decision making in a data-driven world /
Statement of responsibility, etc Michael Luca and Max H. Bazerman.
250 ## - EDITION STATEMENT
Edition statement First editon.
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication Cambridge, Massachusetts :
Name of publisher The MIT Press,
Year of publication [2020]
300 ## - PHYSICAL DESCRIPTION
Number of Pages xiv, 211 pages :
Other physical details illustrations ;
Dimensions 23 cm
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc Includes bibliographical references (pages 189-201) and index.
520 ## - SUMMARY, ETC.
Summary, etc "Whether or not we know it, we participate in hundreds of experiments a year. Every time you log onto Amazon, scroll through Netflix listings, or read a Facebook post, you are probably part of an experiment designed to help the platform learn more about how users interact with the site. Digital technology facilitates a culture of experimentation, which is why tech companies have been so active in experimentation. However, governments also experiment to learn more about how services can be improved. For example, in the UK, the Behavioral Insights Team sent out ten different versions of a letter to delinquent taxpayers to determine the most effective wording for getting people to actually pay. ("Nine out of ten people in the UK pay their tax on time. You are currently in the very small minority of people who have not paid us yet." proved to be the most effective.) This book explores the evolving role of experiments in corporate and government decision making. It recognizes that an experiment is simply a tool. An experiment can make us better or worse off, depending on who is running it, what their goals are, and what they mean when they say the experiment "worked." The authors of this book, both experts in behavioral science from Harvard Business School, are enthusiastic about the promise of experimental methods, while keenly aware of the potential pitfalls. Their goal is to demystify experiments, and help readers gain an appreciation of the value of experiments-whether in their own organizations, or as part of the world in which we live. Middle section of book discusses specific experiments that various tech companies have undertaken. These include experiments to reduce racial discrimination on Airbnb (and the somewhat unsatisfying decisions Airbnb made when confronted with evidence of racial discrimination on the platform), an experiment eBay ran to determine the best use of its ad dollars on Google (short version: eBay didn't need to buy an ad targeting people who searched for the word "eBay" on Google-the native search results led to an equivalent number of clicks as the paid ad), an experiment involving discounts on Alibaba, StubHub's decision to include hidden fees after previously advertising "No Hidden Fees," experiments that Uber did to test the idea of Express Pool, and the controversy surrounding an experiment that Facebook did where they exposed users to content that was either skewed more positive or more negative, and then tracked users' stated moods. By reading about prior experiments run within organizations, managers and other decision makers will learn to approach problems in their organizations with an experimental mindset. The final section of the book looks at the ways experiments can test policy interventions designed to improve educational, health, and financial outcomes"--
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Subject Economics
General subdivision Psychological aspects.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Subject Experimental economics.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Subject Decision making.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Subject Psychology.
700 1# - ADDED ENTRY--PERSONAL NAME
Author 2/ Editor Bazerman, Max H.,
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Koha item type Books
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent Location Current Location Shelving location Date acquired Source of acquisition Cost, normal purchase price Bill Date Full call number Accession Number Price effective from Koha item type
          Institute of Public Enterprise, Library Institute of Public Enterprise, Library S Campus 05/12/2022 Overseas Press India Pvt.Ltd., 1516.20 26/042022 330.019 LUC 46260 05/12/2022 Books