#### Taleb’s Curious Views On Probability — Part I: I Say Probability Does Not Exist

Ye Olde Statistician points us to an essay (a book chapter?) by our old pal Nassim Nicholas Taleb called "The Logic of Risk Taking". Let's examine it. You, dear reader,…

#### Making Random Draws Is Nuts

Let's do a little science experiment together. Go into the closet and pull out an opaque sack or bag. Anything will do, even a large sock. If you can fit…

#### How To Do Predictive Statistics: Part VIII — Starting Stan

Review! You must at least review the first lessons---all class material is on one page for ease. I'll have more words about the mysticism of simulation, but I've said it…

#### Taleb’s Curious Views On Probability — Part III: Ergodicity & All That

Read Part I, Part II Ergodic in probability has a technical definition. Without going into mathematical details (which are fine except possibly when applied), a "sequence" is defined as a…

#### Taleb’s Curious Views On Probability — Part II: Skin in the Game

Read Part I It is in one sense fortunate that the mathematical, or rather quantitative, roots of probability began with gambling. Routine gambles are easy to understand, and the calculations…

#### A Beats B Beats C Beats A

https://www.youtube.com/watch?time_continue=393&v=zzKGnuvX6IQ Thanks to Bruce Foutch who found the video above. Transitivity is familiar with ordinary numbers. If B > A and C > B and D > C, then D…

#### Lovely Example of Statistics Gone Bad

The graph above (biggified version here) was touted by Simon Kuestenmacher (who posts many beautiful maps). He said "This plot shows the objects that were found to be 'the most…

#### Choose Predictive Over Parametric Every Time

Gaze and wonder at picture which heads this article, which I lifted from John Haman's nifty R package ciTools. The numbers in the plot are made up whole cloth to…