#statisticalthinking — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #statisticalthinking, aggregated by home.social.
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The Legacy of Daniel Kahneman https://ejpe.org/journal/article/view/1075/753
by Gerd Gigerenzer
#BoundedRationality
#economics #Psychology #heuristics #Biases #statisticalThinking -
The Seven Unnatural Acts of Statistical Thinking acc. to Richard D. De Veaux and Paul F. Velleman
1. Think Critically.
2. Be Skeptical. Question authority and the current theory.
3. Think about variation rather than about center.
4. Focus on what we don’t know.
5. Perfect the Process. Our best conclusion is often a refined question.
6. Think about conditional probabilities and rare events.
7. Embrace vague concepts (Center, Outlier, Linear...).