Published onDec 26, 20244 min0CommentsWhy 10 Heads in a Row Doesn't Change the Odds of the Next FlipProbabilityGambler's FallacyStatisticsRandomnessCognitive BiasesUnderstanding the gambler's fallacy through a simple example of coin flips, explaining why probabilities remain constant for independent events.Read more→
Published onDec 17, 20243 min0CommentsAll Models Are Wrong But Some Are UsefulStatisticsModelingGeorge E. P. BoxData ScienceExploring the concept of 'all models are wrong, but some are useful,' a popular aphorism in statistics attributed to George E. P. Box.Read more→
