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William M. Briggs

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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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Posted inPhilosophy Statistics

The Pearl of Great Price–Pascal’s Wager Revisited: Guest Post by Bob Kurland

Bob Kurland is a self-described "retired, cranky, old physicist" and convert to Catholicism. He blogs at Reflections of a Catholic Scientist, where this piece first appeared. Again, the kingdom of…
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Posted inStatistics

Was The UEFA Champions League Draw Rigged?—Bayesian Analysis by Henk Tijms

Henk Tijms, emeritus professor at the Vrije University in Amsterdam, is author of Understanding Probability (excerpt; Amazon at this writing has it for only $31.29, a steal for textbooks). Football…
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