Quips and Quotes

Berkson’s Paradox : Strong correlations can fall apart when combined with a larger population. Among hospital patients, motorcycle crash victims wearing helmets are more likely to be seriously injured than those not wearing helmets. But that’s because most crash victims saved by helmets did not need to become hospital patients, and those without h
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M. E. Rothwell • All Hail the Cloud
Morgan Housel • 100 Little Ideas
Non-Ergodic : When group probabilities don’t apply to singular events. If 100 people play Russian Roulette once, the odds of dying might be, say, 10%. But if one person plays Russian Roulette 100 times, the odds are dying are practically 100%.
Morgan Housel • 100 Little Ideas
Chronological Snobbery : “The assumption that whatever has gone out of date is on that account discredited. You must find why it went out of date. Was it ever refuted (and if so by whom, where, and how conclusively) or did it merely die away as fashions do? If the latter, this tells us nothing about its truth or falsehood. From seeing this, one pa
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jamesclear.com • “Make Good Art” by Neil Gaiman
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John Berger