While everyone is talking about âbig data,â the truth is that understanding the âlittle dataâ-the stats that underlie newspaper headlines, stock reports, weather forecasts, and so on-is what helps you make smarter decisions at work, at home, and in every aspect of your life. The average person consumes approximately 30 gigabytes of data every single day, but has no idea how to interpret it correctly. EVERYDATA explains, through the eyes of an expert economist and statistician, how to decipher the small bytes of data we consume in a day.
EVERYDATA is filled with countless examples of people misconstruing data-with results that range from merely frustrating to catastrophic:
The space shuttle Challenger exploded in part because the engineers were reviewing a limited sample set.
Millions of women avoid caffeine during pregnancy because they interpret correlation as causation.
Attorneys faced a $1 billion jury verdict because of outlier data.
Each chapter highlights one commonly misunders