{"id":3744,"date":"2020-06-06T13:43:29","date_gmt":"2020-06-06T13:43:29","guid":{"rendered":"https:\/\/www.ashokkarania.com\/?p=3744"},"modified":"2020-06-06T13:43:29","modified_gmt":"2020-06-06T13:43:29","slug":"everybody-lies-book-summary","status":"publish","type":"post","link":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/everybody-lies-book-summary\/","title":{"rendered":"Everybody Lies &#8211; Book Summary"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Everybody Lies : Insightful. Shocking. Mind-blowing. Original. Smart.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Seth Stephens Davidowitz introduces us to the smart and astonishing insights by analysing the huge collection of big data.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the process, it lists many anecdotes and examples:<br>1. Why election of Donald trump should not surprise us!<br>2. What is the biggest worry in a marriage &#8211; sexless marriage, loveless marriage or unhappy marriage?<br>3. How many men are gay?<br>4. Does advertising work? <br>5. What should you talk about on a first date if you want a second? <br>6. Can you beat the stock market? <br>7. What is the most interesting sexual query in India?\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.ashokkarania.com\/wp-content\/uploads\/2020\/06\/Everybody-Lies_Cover-665x1024.jpg\" alt=\"\" class=\"wp-image-3746\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Let me summarise quick points:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1. The book\u2019s basic premise is that everybody lies &#8211; to themselves and others. But digital trails that we leave on internet can be highly revealing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2. Everybody lies. How many drinks they had on the way? How often they go to gym? How many books they read? People want to look good and they under-report embarrassing behaviours and thoughts on surveys. This is called Social Desirability Bias.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3. People brag through social media posts,&nbsp;&nbsp;social media likes and dating profiles. But the real truth is revealed by searches, views, clicks and swipes&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4. Google searches are the most important dataset ever collected on the human psyche. The internet can tell us a lot about ourselves &#8211; things we may or may not know about ourselves. It also exposes the chasm between ideal self we project to the world and the true beings we are.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5. The new data increasingly available in our digital age will radically expand our understanding of humankind.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">6. Trust data and build your actions around it! Analyse data and build your business around it!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">7. Netflix learned the above lesson early on in its life cycle &#8211; don\u2019t trust what people tell you, trust what they do. So did Facebook.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">8. People say they do not want to stalk their friends. There is little in this world they want more than to keep up with and judge their friends. Mark Zuckerberg\u2019s&nbsp;&nbsp;net worth is the biggest proof of this.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">9. Similarly, everyone will claim that they have no interest in reading about bondage, dominance and sadomasochism. But people want to read about BDSM between a young college graduate and a business magnate. Proof: 50 Shades of Gray\u2019s success &#8211; 125 million copies sold in original and the movie franchise and the revenue collection around this.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">10. Apart from business, academicians can also use big data and digital trails. Academics can use digital data to test a few hundred or a few thousand ideas in just a few seconds. No need to recruit army of researchers to perform a single test.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">11. Researchers need to include digital data in research. Researchers on desirability and sexuality need to supplement their questionnaires to hundreds of subjects with data from sites like PornHub.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">12. Collecting rich data on the world\u2019s problems is the first step towards fixing them. Indeed, the algorithms know us better than we know ourselves.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Everybody Lies is a wonderful book indeed. A must-read for everyone to know the new emerging world. It continues the legacy of Freakonomics and Moneyball.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What we can learn? Study data and make decisions. The best way to work today is to have a data-driven approach. Data and insights can help you win &#8211; a difficult boss, a challenging sale and maybe love!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Image Courtesy: <a href=\"https:\/\/unsplash.com\/@grzegorzwalczak?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Grzegorz Walczak<\/a>\u00a0on\u00a0<a href=\"https:\/\/unsplash.com\/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everybody Lies : Insightful. Shocking. Mind-blowing. Original. Smart.&nbsp; Seth Stephens Davidowitz introduces us to the smart and astonishing insights by analysing the huge collection of big data.&nbsp; In the process, it lists many anecdotes and examples:1. Why election of Donald trump should not surprise us!2. What is the biggest worry in a marriage &#8211; sexless [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[262,296,297,298,427,540,596,1101,1138,1533],"class_list":["post-3744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-books","tag-big-data","tag-book-review","tag-book-summary","tag-books","tag-data-science","tag-everybody-lies","tag-freakonomics","tag-moneyball","tag-must-read-books","tag-seth-stephens"],"acf":[],"_links":{"self":[{"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/posts\/3744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/comments?post=3744"}],"version-history":[{"count":0,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/posts\/3744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/media\/3745"}],"wp:attachment":[{"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/media?parent=3744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/categories?post=3744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ashok-karania-wordpress.staging9.com\/index.php\/wp-json\/wp\/v2\/tags?post=3744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}