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Stanford's Sam Savage has written an excellent book on the topic of disaggregating average data and mistakes made from using averages. Here's a summary of the b
by simulate 14y ago
Stanford's Sam Savage has written an excellent book on the topic of disaggregating average data and mistakes made from using averages. Here's a summary of the book on his website: http://www.stanford.edu/~savage/flaw/ http://www.stanford.edu/~savage/flaw/
and here's a link to his book, titled The Flaw of Averages:
http://www.amazon.com/Flaw-Averages-Underestimate-Risk-Uncertainty/dp/0471381977 http://www.amazon.com/Flaw-Averages-Underestimate-Risk-Uncer...
- Evbn 14y agoCool book, but sad that the public on average seems hopeless at understanding that variance exists.