Stories
Stories
Chances Are
Years ago, while Amram Shapiro (MBA 1978) and a team of researchers were busy creating the probability database at the heart of his new compendium, The Book of Odds, the daughter of a friend sat in on one of their weekly data reviews. A stat caught her attention: There was a 1 in 142 chance, the researchers found, that a couple who used condoms as a contraceptive would become pregnant. Shapiro's friend called later that day to report that her daughter had confronted her boyfriend with that stat and another she saw that day: 1 in 144—the odds of a major league baseball player hitting a triple. "And I've seen triples," she told her boyfriend.
Shapiro's book—cowritten with his wife, Rosalind Wright, and longtime coworker Louise Firth Campbell—is a snapshot of the more than 500,000 sets of odds compiled between 2006 and 2009, back when Book of Odds was a start-up with offices in downtown Boston and a hot website fawned over by everyone from the New York Times to NPR. The financial crisis, though, forced Shapiro to shutter the site, transform Book of Odds into a data-consulting group, and put the numbers into book form.
Shapiro's numbers aren't simply for fun—though that's the hook. Understanding complex odds relative to something more universal—say, a baseball game—makes math and probability more palatable, he argues. "The world is increasingly dividing between those who understand this kind of math and its fundamentals and those who don't," says Shapiro, a former management consultant. He fears a coming mathematical feudalism. "We are left with a kind of elite that knows how to think about this stuff and a large mass of people who are really very vulnerable."
The Book of Odds, then, is Shapiro's attempt to give people a guiding document—something he likens to Samuel Johnson's first English dictionary. "All we're trying to do," says Shapiro, "is give people the alphabet."
—Dan Morrell
Post a Comment
Related Stories
-
- 01 Mar 2025
- HBS Magazine
Alumni and Faculty Books
Re: Chinwe Ajene (MBA 2003); Andrew Brodsky (PHDOB 2017); Brian Buxton (MBA 1977); Kweilin Ellingrud (MBA 2005); Anne Fonte (MBA 1992); Steve Ossad (MBA 1976); Aaron Poynton (AMP 195); Gregory Slayton (MBA 1990); Karen Swanson (MBA 1990); Teresa M. Amabile (Edsel Bryant Ford Professor of Business Administration, Emerita); Alison Wood Brooks (O'Brien Associate Professor of Business Administration); Jeffrey J. Bussgang (Senior Lecturer of Business Administration); Prithwiraj Choudhury (Lumry Family Associate Professor of Business Administration) -
- 15 Dec 2024
- HBS Magazine
Alumni and Faculty Books
Re: Kavita Bhatnagar (SELP 11); Amar Bhide (MBA 1979); Siri Chilazi (MBA 2016); Christopher Cox (MBA 1997); Gurcharan Das (AMP 91); Maria Ellis (OPM 32); Brooks Fenno (MBA 1962); Sue Hemphill (PMD 47); Frank Lorenzo (MBA 1963); John Lotz (MBA 1971); Ron May (AMP 165); Rusty McClure (MBA 1975); Allie Nava (MBA 2002); Wilbur Ross (MBA 1961); Garry Sanderson (AMP 175); Ken Wilcox (MBA 1983); Rick Williams (PMD 33); Michael Horn (MBA 2006); Max H. Bazerman (Jesse Isidor Straus Professor of Business Administration); Ethan S. Bernstein (Edward W. Conard Associate Professor of Business Administration); Malcolm S. Salter (James J. Hill Professor of Business Administration, Emeritus); Feng Zhu (MBA Class of 1958 Professor of Business Administration) -
- 01 Sep 2024
- HBS Alumni Bulletin
Ink: Framing the Full Picture
Re: Amy Chu (MBA 1999); By: Jen McFarland Flint -
- 01 Sep 2024
- HBS Alumni Bulletin
Alumni Books
Re: Patrice Derrington (MBA 1991); Rosemary Scanlon (PMD 42); Fred Kinch (MBA 1965); Teri Martin (MBA 1980); Jack Ryan (MBA 1984); Scott Saslow (MBA 1997); Shalinee Sharma (MBA 2005); Marty Sneider (MBA 1968)