The irony is that more data can often present less clarity.
The finest studies are like the finest of anything else: They cost big bucks.
Statistics cannot be any smarter than the people who use them. And in some cases, they can make smart people do dumb things.
Statistical malfeasance has very little to do with bad math. Judgement an integrity turn out to be surprisingly important. A detailed knowledge of statistics does not deter wrongdoing any more than a...
Statistical inference is really just the marriage of two concepts that we’ve already discussed: data and probability (with a little help from the central limit theorem).
So it is with statistics; no amount of fancy analysis can make up for fundamentally flawed data. Hence the expression garbage in, garbage out.
Regression analysis is the hydrogen bomb of the statistics arsenal.
One of the most bizarre and intriguing findings is that people with brain damage may be particularly good investors. Why? Because damage to certain parts of the brain can impair the emotional response...
North
Longitudinal data sets are the research equivalent of a Ferrari. Not surprisingly, we can't always have the Ferrari. The research equivalent of a Toyota is a cross-sectional data set.
If you consider people, not countries, global inequality is falling rapidly.
Even the most complex financial systems can thrive or fail depending on whether people believe they will thrive or fail.
A study in the American Journal of Public Health estimated that every $1 increase in the price of gasoline is associated with an additional 1,500 motorcycle deaths annually.10
The most dangerous kind of job stress stems from having low control over one’s responsibilities.
The good news is that these descriptive statistics give us a manageable and meaningful summary of the underlying phenomenon. That’s what this chapter is about. The bad news is that any simplification...
The first descriptive task is often to find some measure of the middle of a set of data, or what statisticians might describe as its central tendency. What is the typical quality experience for your p...
The challenge with any before and after kind of analysis is that just because one thing follows another does not mean that there is a causal relationship between the two.
Technology displaces workers in the short run but does not lead to mass unemployment in the long run.
Os maiores riscos nunca são aqueles que você pode ver e mensurar, mas aqueles que você não pode ver e, portanto, jamais poderá mensurar. Aqueles que parecem tão distantes, fora das fronteiras da proba...
Meanwhile, time is one of our most scarce resources. At the moment, you are reading instead of working, playing with the dog, applying to law school, shopping for groceries, or having sex. Life is abo...