Probability and Statistics for Economics and Business
First Edition
William Sandholm and Brett Saraniti
Publication Date - October 2018
ISBN: 9780190668082
840 pages
Paperback
7-1/2 x 9-1/4 inches
A probability and statistics text written with the needs of economics students in mind
Unlike most business statistics textbooks, Vital Statistics offers an approachable, calculus-optional introduction to statistics with a careful presentation of basic inference procedures. Sandholm and Saraniti devote substantial effort to helping students develop intuitions about key concepts in probability before providing a deep treatment of core ideas in statistics. They focus on topics and applications that matter to economists but receive little attention in other textbooks, making this the ideal introductory text for economics students.
William Sandholm is the Richard E. Stockwell Professor of Economics at University of Wisconsin - Madison, where he has been teaching since 2002. His research is in the area of game theory, specifically dynamic models of evolution and learning in games. He has published a number of articles and is Associate Editor of Journal of Dynamics and Games, Dynamic Games and Applications, Theoretical Economics, and Journal of Economic Theory.
Brett Saraniti is Clinical Professor of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, where he has been honored with multiple teaching awards. He also teaches at INSEAD and Hawaii Pacific University. At INSEAD, Professor Saraniti won the Best Teacher Award for the Core Classes
in 2008. He has been a frequent visitor at the Sasin Graduate Institute in Bangkok, Thailand; IESE in Barcelona; the Brisbane Graduate School of Business in Queensland, Australia; the Thunderbird School of Global Management; and the Helsinki School of Economics and Business Administration in Finland.
"The authors make a strong case for the need for this book as a bridge between two major approaches to teaching statistics; they are not afraid to try and explain complex material to students. The text is a bold attempt to fix what is wrong with Business Statistics textbooks."--Brian Goegan, Arizona State University
"I have no doubt that this is the best probability and statistics book for undergraduate economics, finance, and math majors. This is the book every instructor teaching probability and statistics for economics, finance, and applied math majors have been waiting for."--Jong Kim, Emory University
"This text is a good way to introduce economics majors to fundamental concepts in statistics and probability, which they will use in their future coursework. It actually applies these topics to economics, making them more relevant to students in the major, and it lays better groundwork for more advanced statistics compared to other textbooks I have used."--Lauren Tombari, San Francisco State University
The CORE Team
Charles Van Marrewijk