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Posted inPhilosophy Statistics

On The Evidence From Experiments: Part III

Read Part I, Part II first. All other propositions are contingent. For example, it is not necessarily true that your treatment should be a cure for cancer of the albondigas…
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Posted inStatistics

How To Mislead With P-values: Logistic Regression Example

Today's evidence is not new; is, in fact, well known. Well, make that just plain known. It's learned and then forgotten, dismissed. Everybody knows about these kinds of mistakes, but…
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Posted inStatistics

Econometric Drinking Games, WSJ Edition: Update

Jim Fedako sent in this Wall Street Journal column, written by one Dan Ariely, a "Professor of Psychology and Behavioral Economics." A lady wrote Ariely asking for economic party games.…
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Posted inPhilosophy Statistics

Most Probabilities Aren’t Quantifiable

We've done this before in different form. But it hasn't stuck; plus we need this for reference. Not all probability is quantifiable. The proof for this is simple: all that…
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Posted inPhilosophy Statistics

Scrap Statistics, Begin Anew

You or I might perhaps be excused if we sometimes toyed with solipsism, especially when we reflect on the utter failure of our writings to produce the smallest effect in…
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Posted inStatistics

Selling Fear Is A Risky Business: Part Last

Read Part I, Part II. Don't be lazy. This is difficult but extremely important stuff. Let's add in a layer of uncertainty and see what happens. But first hike up…
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Posted inStatistics

Selling Fear Is A Risky Business: Part II

Read Part I. Seriously. Read it. Not everything is easy. Today's stuff is used to make decisions about your life, so pay attention. Cue the organ... When we last left…
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Posted inStatistics

Selling Fear Is A Risky—And Profitable—Business: Part I

Not a trick question: what's the difference between a risk of one in ten million and one of two in ten million? The official answer is "Not much." Though I…
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