Don’t Just Read Freakonomics. DO Freakonomics!

by Andrew McAfee on January 4, 2012

Do your new year’s resolutions include changing direction in your career? Acquiring incredibly valuable new skills? Challenging yourself? Being part of a high-powered team?

If so, you could join the military, or apply to the MIT Sloan PhD program in information technology. I’m here to advocate for the latter.

If you want to learn how to truly master big data; formulate and test hypotheses rigorously; design and execute experiments that actually tell you something; immerse yourself in the world’s best thinking on economics, statistics, sociology, behavioral psychology; and be taught by and work with many of the people who are actually doing the world’s best thinking in these areas, then start pulling your application together.

You’ll acquire an unbeatable toolkit for understanding and excelling in the digital world that’s being created around us, you’ll meet fascinating people who will humble you with how smart they are, and you’ll work your a** off but still have time to enjoy Cambridge and New England. If you’ve got what it takes, my colleagues and I would love to work with you.

Recent doc students have looked at (and found answers to) questions like:

  • Does being active in corporate social media help an employee get ahead, have higher billing, and/or survive a round of layoffs?
  • Does making research freely available online cause it to be cited more often by others?
  • Can unstructured data from the social web be used to predict changes in housing prices and demand for goods like cars and fridges? If so, are these predictions better than current ones?
  • If I start doing something and then my friends do, too, is it because I influenced them, or just because they’re similar to me (and so have the same tastes and interests)?

Don’t delay; the application deadline is January 15. Some basic information is here, and a FAQ is here.

If you have questions, ask them via a comment to this post and I’ll answer so the whole world can see. Now start getting your transcripts and test scores together…

  • Praveen

    Is there a way, i can continue my work in India, and still enroll and complete it? If yes, what would be my approximate damage. If no, still what is that i could look at spending?

  • Anonymous

    Hi Andy – is this bit of work “Does being active in corporate social media help an employee get ahead, have higher billing, and/or survive a round of layoffs?” published anywhere?

  • marie

    Hi Andrew, do you also have a Post-Doc programme or are you planning on having one in the future?
    Thanks,
    Marie

  • http://andrewmcafee.org/blog Andrew McAfee

    Marie, we do often work with post-docs, but the application process is not as formal and regular. If you’re interested, send me an email and let me know what your expertise and background is.

  • http://andrewmcafee.org/blog Andrew McAfee

    Check out Lynn Wu’s “Social Network Effects on Performance and Layoffs: Evidence From the Adoption of a Social Networking Tool”

  • http://andrewmcafee.org/blog Andrew McAfee

    Praveen, our doctoral programs are full-time and on-campus, so there’s no way to do them remotely. Admitted doctoral students get financial support for tuition and a stipend if they’re research or teaching assistants.

  • Anonymous

    It’s great to find a solid empirical piece of work that plugs a hole in your own thesis :)

    (Here’s a link: http://dspace.mit.edu/bitstream/handle/1721.1/67214/759082523.pdf?sequence=1#page=13 )

    My work looks at social networking tools and innovation – Lynn Wu’s paper shows people with friendships/stronger ties are less likely to be subject to layoff.

    The creativity-centrality spiral (Perry-Smith & Shalley, 2003) argues that centrality in a network (i.e. strong ties/friendship) reduces creativity through aversion to risk-taking.

    Does this mean organisations going through extensive programmes of layoffs are (inadvertently) downsizing their ability to take risks and innovate?

    This certainly rings true of my own observations of the BBC…

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