Blogging the Bookshelf

Blogging my bookshelf – one book at a time

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The Diminishing Returns of Additional Information – “The Signal and the Noise: The Art and Science of Prediction”, Nate Silver

November 13th, 2012 · No Comments · Causation and Correlation, Data, Modelling, Statistical Inference, Statistics

Our biological instincts are not always very well adapted to the information rich modern world. Unless we work actively to become aware of the biases we introduce, the returns to additional information may be minimal—or diminishing.

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