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kevin_barney 's review for:
The practical significance of 'average' is largely problematic. From his initial example of 1930s US air force cockpit designs to fit the average sized pilot to our continuing educational process, Rose explains that processes and systems designed for the average produces poor outcomes because no one is average.
I find the fact of 'averages' to be lost on many people: what is your average investment return if you lose 50% the first year and gain 100% the second year? Why, 25%! What is your actual return? Zero.
The topics he addresses that fall into the Lake Wobegon effect are well presented and meaningful - so I would recommend this on that alone. But like so many of these books, I found the "how to succeed" prescriptions weak.
I find the fact of 'averages' to be lost on many people: what is your average investment return if you lose 50% the first year and gain 100% the second year? Why, 25%! What is your actual return? Zero.
The topics he addresses that fall into the Lake Wobegon effect are well presented and meaningful - so I would recommend this on that alone. But like so many of these books, I found the "how to succeed" prescriptions weak.