the surprising payoff of trial-and-error for business, politics, and society /
First Statement of Responsibility
Jim Manzi
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xvii, 300 pages :
Other Physical Details
illustrations ;
Dimensions
25 cm
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (pages 265-284) and index
CONTENTS NOTE
Text of Note
Induction and the problem of induction -- Falsification and paradigms -- Implicit and explicit knowledge -- Science as a social enterprise -- Science without experiments -- Some observations concerning probability -- The invention and application of the randomized trial -- Limitations of randomized trials -- Non-experimental social science -- Business strategy as applied social science -- The experimental revolution in business -- Experimental social science -- Liberty as means -- Innovation and cohesion -- Sustainable innovation
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SUMMARY OR ABSTRACT
Text of Note
How do we know which social and economic policies work, which should be continued, and which should be changed? Jim Manzi argues that throughout history, various methods have been attempted--except for controlled experimentation. Experiments provide the feedback loop that allows us, in certain limited ways, to identify error in our beliefs as a first step to correcting them. Over the course of the first half of the twentieth century, scientists invented a methodology for executing controlled experiments to evaluate certain kinds of proposed social interventions. This technique goes by many names in different contexts (randomized control trials, randomized field experiments, clinical trials, etc.). Over the past ten to twenty years this has been increasingly deployed in a wide variety of contexts, but it remains the red-haired step child of modern social science. This is starting to change, and this change should be encouraged and accelerated, even though the staggering complexity of human society creates severe limits to what social science could be realistically expected to achieve. Randomized trials have shown, for example, that work requirements for welfare recipients have succeeded like nothing else in encouraging employment, that charter school vouchers have been successful in increasing educational attainment for underprivileged children, and that community policing has worked to reduce crime, but also that programs like Head Start and Job Corps, which might be politically attractive, fail to attain their intended objectives. Business leaders can also use experiments to test decisions in a controlled, low-risk environment before investing precious resources in large-scale changes - the philosophy behind Manzi's own successful software company