A.J. McMahon

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inference. The following inductive statement illustrates the problem of interpreting past data literally, without methodology or logic: I have just completed a thorough statistical examination of the life of President Bush. For fifty-eight years, close to 21,000 observations, he did not die once. I can hence pronounce him as immortal, with a high degree of statistical significance.
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1)
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