Capital One combines historical data mining (correlating customer attributes to predict products before an operator even answers, and computing counter-offers for rate negotiations) with massive randomized experiments on mailings to identify which promotions cause more new accounts.

causalpending

Speaker

Ian Ayres

Evidence Quote

what really sets Kaplan apart is that they also just do tons of randomized experiments they send out hundreds of thousands of mail mailings soliciting business

Source

Ian Ayres on Super Crunchers and the Power of Data 10/22/2007EconTalk
Created: 6/17/2026, 10:31:42 AM

My Notes

Loading notes...