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Come on now. The "experts" do know more than the public. Half of the public is below average, in fact. Now, what could be quibbled with is who is actually an e
by jjeaff 4y ago
Come on now. The "experts" do know more than the public. Half of the public is below average, in fact.
Now, what could be quibbled with is who is actually an expert. Having a lot of money and having founded a successful tech company 25 years ago does not make you an expert at everything.
- sgregnt 4y ago> Half of the public is below average, in fact. Not necessary
- ncallaway 4y agoI mean, it depends on the average. We can (and often do) select an average where it is necessarily so.
- shkkmo 4y agoPlease name an average that necessarily has "half of the population is below average", because that is not true for median, mode or the traditional average.
- ncallaway 4y agoThat, uh...is true for the median. That's pretty much the definition of the median. > the median is the value separating the higher half from the lower half of a data sample, a population, or a probability distribution
- shkkmo 4y agoSo what is the median of the set (5,1,1,1,1,1), does half of that set have a value below the median?
- chmod775 4y agoNot an average, but their argument is salvageable: In a perfect world, exactly half of a population will be (equal to or) below any average when frequency is a normal distribution. Like IQ scores. So when they say "half of the population is below average [IQ]", it's not complete nonsense.
- shkkmo 4y agoYes, there are absolutely many distributions where the assertion is correct. It is that fact, that the truth is contingent on the nature of the distribution, which prompts the comment that "half are below average" is not necessarily true but only true contingent on the distribution of "level of expertise". While that is a very vaguely defined term which is hard to measure accurately, it seem likely that it does not follow a normal distribution but is rather has a bulge at the lower end and have a long tail at the upper end. If this hand-wavey distribution is accepted, that would likely mean that fewer than half are above average. But again, that is contingent on the distribution and not a necessary truth.
- dTal 4y agoThis is the definition of median, surely?
- sgtnoodle 4y agoIs that not what the median is?
- ncallaway 4y agoYep
- dx034 4y agoWhen it comes to refinancing at a bank, they certainly are. It's a very specific subject that few ever come in contact with. It's like kernel programming, also a topic that indirectly affects most people but is truly understood by very few.
- JohnFen 4y ago> Half of the public is below average, in fact. I like to say that, too, but it's not technically true. It's confusing median with mean.
- msm_ 4y agoOff topic, but I always struggle between "half is below average" vs "half is below median". One is technically incorrect, understood by everyone but attacts nitpickers, and the other one is technically (more) correct (and I like it) but comes of as pedantic or even pretentious. I usually pick one depending on the audience.
- JohnFen 4y agoI agree entirely. I'm just always amused by the joke "you know how dumb the average person is? Well, half of everyone is dumber than that". Not because of the overt joke (which rests on the incorrect and snobby idea that the average person is dumb), but because in mixing up "average" for "median", the joke itself is like a dumb person complaining about how dumb people are.
- jjeaff 4y agoActually, it is both factually and technically true. Human intelligence (usually IQ) is not something that can be measured in a vacuum, so it is generally measured in comparison to the whole. So scores are adjusted on a bell curve such that the mean and median score are the same. For IQ that is 100. So in the case of measuring intelligence, mean always equals median. But if we were talking about income, then of course you would be right. Way more than half of the world is below the average income.