Skip to content

Tag Archives: standard deviation

2014 : WHAT SCIENTIFIC IDEA IS READY FOR RETIREMENT? | Edge.org

Standard Deviation The notion of standard deviation has confused hordes of scientists; it is time to retire it from common use and replace it with the more effective one of mean deviation. Standard deviation, STD, should be left to mathematicians, physicists and mathematical statisticians deriving limit theorems. There is no scientific reason to use it […]

Nassim Taleb Educates a Quant

Now you all know I’m a Taleb super-fan, but this video is excellent and hilarious. It’s not going to mean much to the general public, but to those of us following the argument it’s genius. Would love to watch NNT’s face as he saw it for the first time. I like to think that he’d get a few laughs out of it as well, but who knows?