How not to be fooled by viral charts, Part 2
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How not to be fooled by viral charts, Part 2
Anscombe’s Quartet : Four sets of numbers that look identical on paper (mean average, variance, correlation, etc.) but look completely different when graphed. Describes a situation where exact calculations don’t offer a good representation of how the world works.
Morgan Housel • 100 Little Ideas
Work in ProgressAmerica’s Most Important Economic Storyteller Is ConfusedAn old economy is dying, and a new economy is struggling to be born. Now is the time of monstrously confusing data.By Derek ThompsonAn illustration of the dollar-bill portrait of George Washington shrugging in confusionThe Atlantic; GettyJune 17, 2022About the author: Derek Th... See more
The Atlantic • America’s Most Important Economic Storyteller Is Confused
by organizing and presenting the data, we are inviting people to draw certain conclusions. And just as a verbal argument can be logical or emotional, sharp or woolly, clear or baffling, honest or misleading, so too can the argument made by a chart.
Tim Harford • The Data Detective
