Winsorize. Cherrypicking data in statistical analysis

This is normal in business scorecards But ee develop segmented scorecards to cater for outliers Winsorizing Winsorizing or winsorization is the transformation of statistics by limiting extreme values in the statistical data to reduce the effect of possibly spurious outliers. It is named after the engineer-turned-biostatistician Charles P. Winsor (1895–1951). The effect is the same as clipping in signal processing. The distribution of many statistics can be heavily influenced …

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How to be Rational about Rationality. Nassim Taleb

Homepage Get started INCERTO Follow Nassim Nicholas Taleb Aug 22, 2017 How to be Rational about Rationality [One of the more technical (and optional) chapters, at the end of Skin of the Game] Rory Sutherland claims that the real function for swimming pools is allowing the middle class to sit around in bathing suits without looking …

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