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The Power of Experiments: Decision Making in A Data-Driven World – Michael Luca and Max H. Bazerman
Non-fiction / 14th November 2020

Introduction The Power of Experiments, as the book title suggests, is about experimentation. The authors write this book to show managers how to make the most of experimental results. I read it to find out how experiments can impact on management practices. Author Michael Luca is is the Lee J. Styslinger III Associate Professor of Business Administration at Harvard Business School. He serves on the board of directors at the National Association of Business Economics, the academic advisory board of the Behavioural Insights Team, and the advisory board of the CNBC Technology Executive Council, and is a faculty research fellow at the National Bureau of Economic Research. Max H. Bazerman is Jesse Isidor Straus Professor of Business Administration at the Harvard Business School. He received the Lifetime Achievement Award from the Organizational Behavior Division of the Academy of Management in 2019. Contents The Power of Experiments has 15 chapters which are divided into 3 parts. Part I is Breaking Out of the Lab and has 3 chapters. They are The Power of Experiments, The Rise of Experiments in Psychology and Economics, and The Rise of Behavioral Experiments in Policymaking. Part II is Experiments in the Tech Sector. The chapters here include…