How not to be fooled by viral charts, Part 2
noahpinion.blog
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
This graph has been floating around every couple months, arguing that the top 10% of earners account for 50% of consumption.
Anyone familiar with economic statistics should intuitively feel it must not be right.
So I dug into it a bit, and indeed, it's (mostly) not.
Antoine Levyx.comscratch the surface of every cheerful trend piece about how teens are drinking less, smoking less, having fewer conflicts and less sex, and you will find this chart
Kat Rosenfieldx.com
