[PDF.65ps] The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty

The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty

[PDF.os90] The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty

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 | #248838 in eBooks |  2012-03-13 |  2012-03-13 | File type: PDF

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||1 of 1 people found the following review helpful.| Easier way to learn statistics|By Artephius (.|I have been using basic statistics for over 30 years in my work as an Engineer. I enjoyed the author's attempt at explaining statistics in terms most people can understand.

The whole book is based upon not using averages, but instead run a Monte Carlo simulation using probabilities.

I know of one famous case w|From the Inside Flap|Despite all its promise, the Information Age is also laden with a dizzying array of technological, economic, and political uncertainties. While the electronic spreadsheet brought the power of business modeling to tens of millions, in so doin

A must-read for anyone who makes business decisions that have a major financial impact.

As the recent collapse on Wall Street shows, we are often ill-equipped to deal with uncertainty and risk. Yet every day we base our personal and business plans on uncertainties, whether they be next month’s sales, next year’s costs, or tomorrow’s stock price. In The Flaw of Averages, Sam Savage­known for his creative exposition of difficult subje...

You can specify the type of files you want, for your gadget.The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty   |  Sam L. Savage. I really enjoyed this book and have already told so many people about it!

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