“Cash WinFall isn’t being played as a game of chance. Some smart people have figured out how to get rich while everyone else funds their winnings,’’ said Mohan Srivastava, an MIT-educated statistician.
Statistics are meant to compress large volumes data into simple, digestible metrics that provide clear information about the nature of data.
One of the simplest ways to overcome presentation problems with the mean statistic is to use boxplots.
Actuarial Litigation: How Statistics Can Help Resolve Big Cases
University of Connecticut Insurance Law Center
Friday, April 15, 2011
It walks actuaries through how to use the “Solving the Unknown with Algebra” materials and your math expertise to help students see the real-world relevance of math and how it is used in the professional world.
Deloitte paper on irrational expectations.
Twitter and Nassim Taleb are reporting that the father of fractal geometry is dead at age 85.
