Statistics Can Solve Almost Anything

Statistical and applied probability is the “logic of science”, but let’s not be suckers. Real life is more complex.

Statistical and applied probabilistic knowledge is the core of knowledge; statistics is what tells you if something is true, false, or merely anecdotal; it is the “logic of science”; it is the instrument of risk-taking; it is the applied tools of epistemology; you can’t be a modern intellectual and not think probabilistically—but… let’s not be suckers. The problem is much more complicated than it seems to the casual, mechanistic user who picked it up in graduate school. Statistics can fool you. In fact it is fooling your government right now. It can even bankrupt the system (let’s face it: use of probabilistic methods for the estimation of risks did just blow up the banking system).

The Forth Quadrant: A Map Of The Limit Of Statistics, by Nassim Nicholas Taleb
http://edge.org/conversation/the-fourth-quadrant-a-map-of-the-limits-of-statistics

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