I found it rather comforting to learn Professor Jem Bendell, among his other achievements, has an "honors" Bachelor of Arts. He boasts of this, and therefore it must be important,…

From Ernst: I was wondering if you could help me as a layman grasp a problem I'm wrestling with. Say I have a large tray and pour a gallon of…

We are finally at the most crucial part of the modeling process: proving if the damned thing works. Not "works" in the sense that we get good unobservable parameter estimates,…

We discussed this before, but since it has come up recently in personal discussions, I wanted to offer this clarification. Suppose we're in a standard epidemiological situation, or even a…

For even more edification, read this article in German: Denken Sie an eine Zahl zwischen 1 und 10. I'm picking a number between 1-10. What is the probability of you…

Here is a link to the PDF. Briggs, William M., 2019. Everything Wrong with P-Values Under One Roof. In Beyond Traditional Probabilistic Methods in Economics, V Kreinovich, NN Thach, ND…