Understanding Moments
gregorygundersen.com
Understanding Moments
Once you get this second dimension into your thinking, you’ll notice yourself applying it everywhere.
Tim Urban • Page Not Found — Wait But Why
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
Understanding does not proceed simply from examining data; it comes from examining data in a particular context. Data is useless until we know what it means. To understand its meaning, we need not only to ask the right question; we also need the appropriate instruments with which to measure the data in a meaningful process of sorting and descriptio
... See moreDavid R. Hawkins • Power vs. Force: The Hidden Determinants of Human Behavior
There are three important aspects of probability that we need to explain so you can integrate them into your thinking to get into the ballpark and improve your chances of catching the ball: Bayesian thinking Fat-tailed curves Asymmetries