Yicai GlobalAmong these massive books exhibited during the Shanghai Bookfair of 2018, we attempted to recommend the five most noteworthy financial books. After her one and a half year 'undercover' experience in Wall Street, American anthropologist Karen Ho eventually found out the inside snoop on financial institutions. Yale University’s Prof. Gary Smith taught people to identify the traps in statistics, letting big data tell the truth.
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Standard Deviations: Flawed Assumptions, Tortured Data, and Other Ways to Lie with Statistics
By [US] Gary Smith
Hina Book of Jiangxi People’s Publishing House (江西人民出版社后浪出版公司)
January 2018 edition
‘Let data do the work’ has almost become the ‘standard of truth’ in this big data era. On Weibo and WeChat, we see countless statistics published every day, ranging from economic performance and demographics to the chance of a Scorpio romantic meeting in August. This book is a collection of examples of people who were deceived by big data statistics in their lives. Gary Smith, the author of the book, taught at Yale University for seven years. His statistics course is one of the most popular at Yale.
