Chance News 103
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]
Submitted by Margaret Cibes
“Best, Smith, and Stubbs (2001)[1] found a positive relationship between perceived scientific hardness of psychology journals and the proportion of area devoted to graphs. It is interesting that Smith et al. (2002)[2] found an inverse relationship between area devoted to tables and perceived scientific hardness.”
Submitted by Margaret Cibes