Chance News 103
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Quotations
"[T]he Law of Large Numbers works … not by balancing out what's already happened, but by diluting what's already happened with new data, until the past is so proportionally negligible that it can safely be forgotten." [p. 74]
"'I've been in a thousand arguments over this topic [hot hand]," [Amos Tversky] said. 'I've won them all, and I've convinced no one.'" [p. 127]
"The significance test is the detective, not the judge." [p. 161]
"Correlation is not transitive. …. Niacin is correlated with high HDL, and high HDL is correlated with low risk of heart attack, but that doesn't mean that niacin prevents heart attacks." [p. 342]
Jordan Ellenberg, in Hot Not To Be Wrong, 2014
Submitted by Margaret Cibes