Search Results for “model” – Page 176

The Truth of Things: When Probability & Statistics Cannot Be Used

I am always struggling with (my limited ability of) finding ways to describe the philosophy behind logical probability, especially to people who have a difficult time unlearning classical frequentist theory.…

Philosophy Statistics

Is Experimental Economics Irrational?

Everybody knows there's no such thing as money. So how come everybody acts like it's real? In particular, why do economists and other similar creatures find the lack of "rationality"…

Statistics

My Answers to Willis Eschenbach’s 14 + 2 Questions

Repost Mr Eschenbach had not had the chance to respond to this article before the two weeks wherein comments are automatically closed have elapsed. This re-post will allow him, and…

Book review Culture

eBook Business: iPad, Kindle, Nook, etc.

Traditional publishing is screwy. Book makers set a cover price, say $25. They sell that book at half that to bookstores; which nets publishers $12.50. Publishers give authors about 15…

Culture

Goldman Sachs, Bubbles, Global Warming, and Statistics

Matt Taibbi's article on Goldman Sachs, "The Great American Bubble Machine" is up and should be read (you'll have already seen it if you homepage, as you should, Arts &…

Philosophy Statistics

Randomness is a Matter of Information

How many pads of paper do I have on my desk right now? How many books are on my shelves this minute? You don't know the answer to any of…

Statistics

Calculating the Uncertainty of Economic and Other Forecasts

I was asked to talk about how to handle uncertainty in forecasts. Below is a rough sketch. Many of you run or work with models that produce forecasts, guesses of…

Culture Fun

Hot News Saturday: Worst Science Fiction, Sheffield Devolves, Sainted Liberals

Great News! Buck Alice and the Actor Robot will soon appear as a radio drama. This is not to be missed! The Colonial Radio Theater will produce Walter Koenig's---Chekov, from…

C-Marie on Blessed Memorial Day; No Class; See You WednesdayMay 24, 2026
God bless you, dear Matt, and all yours, all the days, and thank you for your faithfulness to our Father,…
spaceranger on Why There Are (Probably) No UFOs: “Climate Change”May 22, 2026
Two things I can never figure out are UFO pictures and police body cam videos.
Dave Narby on Why There Are (Probably) No UFOs: “Climate Change”May 22, 2026
There's been some pretty clear ones lately, at least to the resolution of the camera used, e.g. https://www.youtube.com/watch?v=pcEEXLOORLI https://www.youtube.com/watch?v=6zkZ3x1T0QU This…
James on Why There Are (Probably) No UFOs: “Climate Change”May 22, 2026
The same logic applies to the phenomenon of "ball lightning". It sounds credible, but there are no photos of it…
Uncle Mike on Blessed Memorial Day; No Class; See You WednesdayMay 21, 2026
Please enjoy your well-earned respite. Warmth is indeed a boon and blessing -- it's in the eighties here today and…