Statistics Is Useless Part II: The Consequences
As we have seen in Part I, statistics is hard. The improper use of statistics can lead us to having
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Probability and Statistics
Statistics Is Useless Part I: The Problem
Classical statistics is reliant on the fact that observations about the past tell us something about the future. This is
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Why Things Happen
Recently I have been thinking a lot about causality, largely triggered by reading The Book of Why and Fooled By
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How to Lie With Data
I don’t trust data. Whenever I see a pretty chart, an average, a line going up and to the right,
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A Quick Post on Deduction
As we discovered in a previous post, inductive reasoning has its flaws. Mostly these arise because we are vulnerable to
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Induction: Hume vs. Keynes
At the beginning of Part III of Keynes’s A Treatise on Probability he quotes the anti-inductive argument made by Hume
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Owning vs. Renting: A Definitive Answer
The biggest financial goal of many people is to buy a house. Purchasing a residential property is what they save
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Gareth’s Big Mistake: Distributions vs. Averages
Gareth is 50 years old. Retiring in 15 years time, he realises that he needs roughly £1.5M to live comfortably
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Shit Happens
When I was 18 I learned an investing lesson that most still don’t grasp. As a fresh-faced 18-year-old, I was
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