Tag Archives

Archive of posts published in the tag: statistics

Why Social Media is a Sucker for Bad Reporting

The point is that the subject is much more complicated than most are willing to accept. Even the most respected journalists are seduced more by the political angle than accuracy and open mindedness.  This travesty is multiplied thousands of times on the social media by the lazy who read for confirmation rather than information.

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Pseudo Science

from Making It All Up by Andrew Ferguson at The Weekly Standard Behind the people being experimented upon are the people doing the experimenting, the behavioral scientists themselves. In important ways they are remarkably monochromatic. We don’t need to belabor the…

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Cherry-picking CEO Data

Economist Mark Perry writes in Carpe Diem When we consider all US CEOs and all US workers, the ‘CEO-to-worker pay ratio’ falls from 331:1 to below 4:1 Excerpts: The AFL-CIO is comparing: a) the average salary of a small sample (350)…

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A Part of the Truth Can Be More Misleading than All of a Lie

From The Atlantic by Derek Thomson, The Most Important Graphs from 2011, 12/21/11 This graph shows how the richest 1% have take a larger share of the economy in the last 35 years: … or does it? This graph does…

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Risk and Principle

In a world of uncertainty it is more important to know the odds than to know the facts. In a business bet, if you have a thirty percent chance of winning one hundred dollars or a seventy percent chance of…

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The Economy’s Ball and Chain

Team Obama has missed the reason for high unemployment and slow growth in spite of low interest rates and seemingly endless stimulus.  In the Wall Street Journal Gary Becker, Steven Davis and Kevin Murphy writes “Uncertainty and the Slow Recovery”.…

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