How The Use of Statistics Killed the Banking Industry or How Statistics Can Fool You

If you’re fully engaged in the modern world then you’ve probably used statistics to make arguments and push a particular interest (like predicting orders or market conditions, if you work at a consumer product company, for example). Nassim Nicholas Taleb, in both his book, The Black Swan, and more recently in his essay, THE FOURTH QUADRANT: A MAP OF THE LIMITS […]

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