Abstract: Assumptions play a pivotal role in the selection and efficacy of statistical models, as unmet assumptions can lead to flawed conclusions and impact decision-making. In both traditional ...

The probabilistic revolution first kicked off in the 1600s, when gamblers realized that estimating the likelihood of an event could give them an edge in games of chance. However, as an educator of ...

A typical journal article contains the results of only one analysis pipeline, by one set of analysts. Even in the best of circumstances, there is reason to think that judicious alternative analyses ...

SCIENTIFIC and medical journals, with their august panels of peer reviewers and fact checkers, are not the sort of places many mistakes are to be expected. Yet Emili García-Berthou and Carles Alcaraz, ...

Austrian School economists distrust empirical economics, a skepticism that is partially warranted, partially unwarranted. The Austrian insights are helpful for business planning, even though I don’t ...

Daniel J. Denis does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...