While everyone is talking about “big data,” the truth is that understanding the “little data” (stock reports, newspaper headlines, weather forecasts, etc.) is what will help 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 correctly interpret all of the small bytes of data we consume in a day. Readers will become effective, skeptical consumers of everyday data.
• Everydata is filled with countless examples of people misinterpreting data — oftentimes with catastrophic results:• Millions of women avoid caffeine during pregnancy because they interpret correlation as causation
• The initial launch of HealthCare.gov failed in part because key decision-makers couldn't observe all of the data