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Statistical rules of thumb Gerald van Belle
Publisher: Wiley

8x5: A Rule of Thumb for Aggressive Creatures · wcmille's picture. He says this literally, but don't forget that you can also reduce dimensionality with super special and magical statistical methods. 7- The greatest inferential mistake: "This event never happens in my market. Rules of thumb can be very helpful, but they are often pretty coarse. How can we defend ourselves against the statistical numbers game? Again, the dual foci of MHCA, for the time being, is ongoing statistical Research & 'comprehensive Resource servicing' in behalf of LLLCommunity owners/operators nationwide, likely including Canada. What rules of thumb do you follow? Taleb's rules of thumb on trader risk management, which I have quoted in full below. Always look at any gee-whiz statistic with skepticism. Going to end up with a big mess. Instead of continuously testing or relying on generic rules of thumb, you can calculate the needed sample size and statistical significance very easily. My fascination with his ideas led me to DerivativesStrategy.com which published Mr. You will build an instinctive inference that is more powerful than conventional statistics. Thinking about a statistical threshold in regards to why it works is helpful. I've had a recent discovery that I think is worth sharing; nearly all the creatures in winning aggressive (aggro) decks seem to follow this general rule for success: . As someone who uses statistical models to do the kind of forecasting he seems to be proposing, I couldn't help but wonder: Why stop halfway? 6- Never let a day go by without studying the changes in the prices of all available trading instruments. Good deckbuilders inherently "get" without thinking about it. By: wcmille, Wayne Miller Mar 01 2013 11: to understand aggressive decks and what makes them tick.