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STATISTICAL FALLACY
Warren Buffett: Why ‘risk’ doesn't mean what Wall Street says it meansIn a letter to shareholders, Warren Buffett declared war on one of finance's most sacred concepts: Beta. The academics had it backwards, he...- Even Warren Buffett makes statistical errors sometimesWarren Buffett's remarks at a Berkshire Hathaway meeting highlighted how easily statistical fallacies can mislead investors. The article em...
- Big Tech’s free use of copyrighted work to train AI devalues creators, crowns a new techno-eliteMeta faces a lawsuit for allegedly using millions of pirated books to train its LLAMA algorithms, claiming 'fair use'. The company argues i...
- Is your investment working for you? What Ratan Tata's legacy can teach you about wealth creationWhat is wealth, really? What do we mean when we say the economy is growing? These questions go beyond mere numbers and statistics, touching...
- India points to 'sweeping conclusions' and 'fallacious assumptions' in Global Democracy Report 2023The GSoD 2023 report - published in November 2023 - stated that India persists at the mid-range level on the criteria of "representation" w...
- What is big data analytics?Big data analytics is a subset of analytics that uses the same analytical techniques and ideas to analyze large datasets that are referred ...
- India seems to be on course to 7% GDP growth this fiscal. But the journey won’t be easyThe broad consensus among economists is that India may clock a GDP growth rate of almost 7% this fiscal year and about 6.5% next year — an ...
- View: The climate fight will be more effective if data is presented without sensationalism'Heat-related deaths in India are up 55% because of climate change' was a headline reported by various media outlets last week. While this ...
- The future of doubles: Soon your digital twin could predict your behaviourA digital twin requires a high degree of fidelity that would be able to incorporate real-time, real-world information.
- H-1B denial rates for new application drops to 4% in fiscal 2021“The 4 per cent denial rate in fiscal 2021 for new H-1B petitions was similar to the rate before Donald Trump took office, meaning the Trum...
- Exit polls miss the mark on Bihar again, experts blame samples that missed out voices of womenAt least two polling agencies, Axis My India Poll and Today’s Chanakya had predicted a clean win for RJD-led Grand Alliance, while others s...
- Indian-origin entrepreneur's UK start-up set to combat fake newsIndia has over 200 million WhatsApp users and with the system being encrypted, it becomes extremely difficult for law enforcement to interv...
- Elon Musk calls excessive use of robots at Tesla factory 'mistake', says humans are underratedMusk had earlier said that Tesla was building a competitive advantage over automakers by programming robots to quickly produce vehicles.
- Note ban impact overstated by pre-conceived notions, says India's chief statisticianSeveral economist and analysts have attributed the decline in the economic growth mainly to demonetisation of 87 currency in November last ...
- Not enough data to figure out demonetisation impact on GDP: TCA Anant, Chief statisticianI would be careful in making any statement on causes and effects of a particular event without having enough data at my disposal.
- World Cup 2015: Check out 8 new tech-trends in cricketFrom LED stumps to Hawkeye — here is a look at the latest advances that make modern-day cricket thrilling.
- Effective early warning crucial in preventing banks' exposure to NPAsThrough a comprehensive early warning framework that includes identifying the right customer segment, understanding the data landscape, for...
- Area and sector-specific tax sops spur investment, so counting these as revenue forgone is wrongThe recent increase in petrol prices has expectedly created a raging storm.Hence, our focus in this piece is to debunk the long-standing my...
- Indian economy doing a good job: StiglitzNoted economist Joseph Stiglitz today praised Indian economy's performance, saying the country had been doing a good job when institutions ...
- India needn't rush for an unfair Doha dealLeaders of world’s major trading nations, including EU trade commissioner Peter Mandelson and India’s commerce minister Kamal Nath, have re...
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