Wednesday, July 11, 2012

Uncertainty and power in arguments

This is why uncertainty is so important. Until we can quantify the uncertainty in our statements and our predictions, we have little idea of their power or significance.


- "Uncertainty" Lawrence Krauss This will make you smarter


The  power or significance of statistical test is critical to our thinking when talking about numbers, but it general is not discussed when making forecasts about markets. Why not?

No comments: