100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary 0HM270 SuperCrunchers $7.02   Add to cart

Summary

Summary 0HM270 SuperCrunchers

 260 views  10 purchases
  • Course
  • Institution
  • Book

Summary for the course 0HM270 SuperCrunchers (), formally part of the Human-Technology Interaction master program at the University of Technology Eindhoven. The summary covers all the lecture material, including all material covered in the slides (including figures) as well as all of the required r...

[Show more]

Preview 1 out of 78  pages

  • Unknown
  • June 28, 2020
  • 78
  • 2019/2020
  • Summary
avatar-seller
0HM270 – SuperCrunchers University of Technology, Eindhoven

Lecture 1: Introduction to SuperCrunchers
SuperCrunching is study of how quantitative analysis of social behaviour and natural
experiment can be creatively deployed to reveal insights in all areas of life, often in unexpected
ways. With examples such as predicting gestation period more precisely, predicting the box
office success of films, predicting the price of Bordeaux wine based on weather data, collecting
data on the effectiveness of teaching methods, choosing baseball players based on statistics
and A/B testing to determine the most effective advertisements, Ayres explains in his
SuperCrunchers-book how statistical evidence can be used as a supplement or substitute for
human intuition. The primary mathematical approaches that are often used here are common
multiple regression analyses. Thus, in summary supercrunching is using large datasets to
predict something that normally even experts cannot predict very well where the focus is
largely on the comparison of experts and models in a (natural) experimental setting.

A famous supercrunching example is that of the Cook County
hospital which is an emergency department in Chicago, Illinois
with over 250.000 patients per year of which many have no
health insurance, a lack of hospital rooms and a heavily
overworked staff. One of the most common health problems with
which new patients arrived at Cook County was acute chest pain
which is normally diagnosed using a large variety of symptomatic
measures (e.g. blood pressure, fluid in the lungs, pain location,
previous underlying conditions, cholesterol level, drug use, smoking, overweight, stress, etc.)
after which doctors categorized diagnoses into high risk, medium risk or no risk based on the
amount of symptoms present. The hospital’s new director, Brendan Reilly, found using a
quantitative statistical analysis performed by Goldman and colleagues that basically only 4 of
these symptoms truly matter (i.e. ECG, blood pressure, fluid in the lungs and an unstable angina)
as shown in the clinical prediction rule for major cardiac complications in chest pain patients
on the right (95% accuracy for the scheme compared to 82% accuracy for humans). Even though
it would seem as though such a prediction rule scheme would solve inaccurate diagnoses
leading to an under capacity at Cook County hospital, implementation was problematic as
physicians protested implementation and didn’t even agree with one another on their
diagnoses.

Similar prediction rule schemes like that for diagnosis cardiac complications have also shown
to surpass human prediction (albeit not always properly implemented in institutions), like
schemes for survival probability in medical procedures, probability of recidivism, probability of
success of a starting firm, choice of job candidates, diagnosing schizophrenia and predicting
school success. As can be concluded from the above, models often beat humans. This is partially
due to a variety of cognitive biases that characterize human thinking and decision-making,
including the following:
Page | 1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller brampeters. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.02. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.02  10x  sold
  • (0)
  Add to cart