Statistics Archives

The Signal and the Noise by Nate Silver: Book Overview

Why do most predictions fail? How can we make better predictions that save people from catastrophic events? In The Signal and the Noise, Nate Silver argues that our predictions falter because of mental mistakes such as incorrect assumptions, overconfidence, and warped incentives. However, he also suggests that we can mitigate these thinking errors with the help of a method called Bayesian inference. Read below for a brief overview of The Signal and the Noise.

The Disadvantages of Data Analytics in Product Development

What are the disadvantages of data analytics in product development? How can hard data fail to support business innovation? In his book Competing Against Luck, Clayton Christensen challenges the conventional thinking around business innovation and highlights the disadvantages of relying solely on data analytics to guide decision-making. Christensen argues that this approach often leads to disappointment. Keep reading to learn the two key disadvantages of data analytics in business, according to Christensen.

Climate Optimism: Do the Data Trends Point Toward Hope?

Where are climate trends headed? Should we be concerned or encouraged? Many scientists and activists believe that the climate has already passed a tipping point and that environmental catastrophe is inevitable. Michael Shellenberger believes that environmental alarmists overstate their claims and that there’s a reason for hope for our planet’s future. Keep reading to learn Shellenberger’s argument for climate optimism.

Upstream Data-Driven Solutions: Strategies & Challenges

When you’re implementing change, what metrics should you monitor? How can you protect the process when data fails you? In Upstream, Dan Heath explains how people can intentionally foster an upstream mindset to effect real change. He recommends several ways you can implement upstream solutions in any context. One of these is using data to guide experimentation. Read more to learn about data-driven solutions and some challenges that come with the territory.

Moving Upstream: Dan Heath’s Advice for Real Solutions

Do you want to solve a major problem in your organization or in society at large? How can you intentionally foster an upstream mindset with those around you? In Upstream, business writer Dan Heath explains a strategy for focusing energy on proactive, long-term solutions: upstream problem-solving. He shares recommendations for implementing upstream solutions in any context, and he points out three roadblocks that are likely to be in your way. Continue reading for Heath’s advice for moving upstream along with an exercise to help you implement his ideas.

Steven E. Koonin’s Unsettled: Book Overview & Takeaways

How much has the Earth warmed? Is extreme weather getting worse? Are climate scientists in agreement? In Unsettled, a book about climate change, former energy industry scientist Steven E. Koonin doesn’t deny that the planet is warming and that humans are partly to blame. But, he challenges the evidence and prediction models, coming to some conclusions that not everyone shares. Read more for an overview of Koonin’s book.

3 Climate Change Questions & Answers From Steven E. Koonin

How much is the Earth warming? What’s the cause? What does the future hold? With all of the information about climate change available at your fingertips, you probably still have unanswered questions. In Unsettled, former energy industry scientist Steven E. Koonin provides his answers to three of the biggest questions in the conversation. Continue reading for three climate change questions and answers from Koonin.

Why Are Sea Levels Rising? Let’s Be Real About the Answer

Why are sea levels rising? What do the data say? Can we know for sure? “Climate Scientists Unsure Whether Rising Sea Levels the Result of Human Influences” isn’t a click-worthy headline. But, former energy industry scientist Steven E. Koonin argues that it would be more accurate than what we typically see in the news. Read on to learn what we know—and don’t know—about the cause of rising sea levels.

3 Different Types of Fallacies: Sharpen Your Reasoning

Do both sides of an argument warrant the same amount of consideration? What’s the difference between correlation and causation? You’ve probably experienced this: You hear something that sounds great. But, when you think it through, it doesn’t make a whole lot of sense. A fallacy could be to blame. The more you know about fallacies, the better you’ll be able to evaluate information and arguments. Continue reading for a brief overview of three different types of fallacies.

Informed Decision-Making in Healthcare: How to Assess Outcomes

When you’re making medical decisions, what do you consider? How do you evaluate your options? Medical decisions are some of the most important decisions you make. Neuroscientist Daniel J. Levitin argues that you shouldn’t try to intuit such decisions because your brain just isn’t good at it. He recommends using a fourfold table to analyze the information you’re working with. Continue reading to learn how to use this process for informed decision-making in healthcare.