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We are giving away a signed (!) copy of Peng Ding's wonderful book on #causal #inference. Re-post this and follow me by October 27 for a chance to win. More details on the book here: routledge.com/A-First-Course… #Statistics @CRC_MathStats not affiliated with X.
Pretty cool that I got hold of a full solutions manual for Feller's Probability Theory and Its Applications. Prepared by Chen, Xiru, the renowned Chinese stats prof who passed away in 2005. Unofficially published in 1980!
"If you are rich and sophisticated, but not too rich or too sophisticated, then you are in the sweet spot for a lot of people who want to market complicated, expensive, terrible financial products to you." So true...
It’s mind-blowing to someone in the points and miles world that this is the business newsletter you would go out of your way to read. bloomberg.com/opinion/articl…
Prof Selvin on deep roots of Type I & II error (p190): The concept is, however, extremely old. From the Book of Common Prayer (1789): "We have left undone those things which we ought to have done [Type II]; and we have done those things which we ought not to have done [Type I]."
▪️CMOS sensors ✅ this covers digital cameras & camera phones ▪️ 3G ❌ never world-leading here; we’re on 6G now ▪️ hybrid cars ❌ incremental only; like winning in feature phones while losing smartphones ▪️ Batteries ❌ actually *lost a formerly world-leading position ▪️ Service…
"Many countries have tried to resolve demand imbalances with technology-driven supply-side measures—most notoriously the Soviet Union in the 1960s and Japan in the late 1980s and early 1990s—but it has always proved far more difficult than expected."
迈克尔·佩蒂斯（@michaelxpettis）在China’s Reform Imperative系列的最新文章中指出，那些认为科技创新将使中国经济摆脱日本在九十年代经历的经济停滞的学者们忽视了日本当时在推动经济再平衡和快速增长方面的尝试和失败。 carnegieendowment.org/posts/2024/08/…
this news making waves in China rn in the age of ever-widening education gap: 17yo Jiang Ping, studying at a zhongzhuan school (vocational senior secondary school) made it to the final of Alibaba's global maths competition, ranked 12th. vast majority of the finalists are from…
Pretty cool that both Monty Hall problem & Berkson's paradox can be explained with the collider bias... The Book of Why: The New Science of Cause and Effect a.co/d/bB9266D
Liu Cixin: “...China is a country with a strong ‘futurism’, meaning a dedication to move forward and change...I have a strong belief that China will become more open and interconnected, ultimately blending in with the rest of the world.”
"The Post learns the megastore will roll out an e-commerce service for Hongkongers soon, with free delivery service available for purchases of 599 yuan."
"Moore's Law suggests that products get cheaper over time, and because they are cheaper, they are then demanded and produced in larger quantities. Wright's Law suggests that rather than falling costs spurring production, it's mass production that causes costs to fall."
Did we misunderstand Moore's Law? (Yes.) Could we have left fossil fuels in the dust 25 years ago if we hadn't? (Probably.) My column this week - enjoy... on.ft.com/3UK0xsJ
"The number of Americans living there had reached 84,000 in 2023, the highest level since the Covid pandemic and 30 per cent more than in 2014." Letter: Why it’s premature to write off Hong Kong ft.com/content/55cb0e… via @ft
Henry David Thoreau: "Every generation laughs at the old fashions, but follows religiously the new."
“People like me grew up with the view: If people send you cheap goods, you should send a thank-you note. That’s what standard economics basically says,” she said. “I would never ever again say, ‘Send a thank-you note.’ ” wsj.com/articles/janet…
Timothy Armistead: "the intuitive act of deciding as to which of one’s variables to label “X” and which to label “Y” and which to label “Z” (the third variable) necessarily is an act of faith when it is accomplished in the context of a rigid causal model." tandfonline.com/doi/full/10.10…
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