This rudimentary statistics textbook, entitled Statistics: The Art and Science of Learning from Data (3rd Edition), sells on Amazon for $157.79. Not sure if everyone sees the same price as me (maybe prices are user-customized), if price changes over time, but it seems stable. Below is a screenshot.
Surprisingly, this book is meant for first-year college students, so there's nothing original in the book. Just basic standard stuff that anyone can find for free on the Internet. Books covering far deeper and broader material, at the research level, filled with new intellectual property that you can directly apply to new-world data, sell at a fraction of the cost.
What justifies such a high price? And why would someone - necessarily a student just starting college - spend so much money on this classic, three century old material? I mean, even if you are forced by your stats professor to buy this book, you will never purchase it at full price, you'll get a used copy, borrow it from the library, or get a copy from a friend. The fact that there are so few reviews (over a two-year time period) might indicate that they are very few buyers, but who knows?
To make things worse, it's 800-pages thick, but contains so little material that it could be compressed (summarized) in just 10 pages. For instance, the author spends 350 pages introducing material such as sampling, random variables, moments, binomial distribution, probability distributions (though there is no mention of generating functions or any proof of the central limit theorem) before introducing the concept of confidence intervals. It takes another 50 pages to review the concept of confidence intervals, yet another 50 pages to discuss the basics of hypothesis testing, and then yet another 50 pages to discuss group comparisons.
By contrast, if you look at my tutorial on confidence intervals and hypothesis testing, it has the following features:
So what make people
I am absolutely stunned by this level of absurdity. Maybe you have some explanations. I can't find any... Is this book an exception, or is this the general trend with traditional publishers? Or is a publisher bubble on its way, regarding college textbooks?