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VisorCentral.com (http://discussion.visorcentral.com/vcforum/index.php)
- Off Topic (http://discussion.visorcentral.com/vcforum/forumdisplay.php?forumid=6)
-- One Year On (http://discussion.visorcentral.com/vcforum/showthread.php?threadid=26965)
quote:Then the expected payout is zero. Why wouldn't you want to take it? I'll give you $10 just for participating. There. If your hypothesis is correct, that it is simply random, you will come out ahead $10. However, I would be able to win far more than 1/3 of the bets and would therefore bleed you dry. See it isn't a coin toss because the older guy is much more likely to get heart disease.
Originally posted by Toby
It's not a bluff, and I'm not betting because it's a silly bet, and it also wouldn't mean anything no matter which of us won. It's like betting on a coin toss.
quote:It wouldn't be 2 of three against me. You dont' understand the value of statistics, though. You're saying that predicitve statistics tell you *nothing* about a particular instance, which is simply incorrect. If you were to adjust the odds in our bet to reflect the likelihood of older men getting heart disease before younger girls, then it would be a gamble because the knowledge is factored into the bet. However, since you are giving the knowledge no predictive power, you insist the odds are still 1/3 of getting it right. That is simply not the case and in the long run you will lose and lose and lose.
I'm not being difficult, and I think that you understand predictive statistics less than I do if you think they'll tell you anything about a specific case from a general number.[B]I don't need the money, so I have no desire to bet. Regardless, you're still not getting the point here. It would still be 2 out of 3 against you, though, even if you did manage to do it.![]()
quote:The feeling is mutual.
Originally posted by KRamsauer
And hence my mention of "most likely." I never said always. Please read what I'm writing. Your constant misunderstandings are quite frustrating.
quote:
This began as my stating it isn't wrong to use knowledge about someone to predict their opinions. I was being called prejudiced and hence a bad person.
quote:
I'm presently pointing out that of course said methods aren't perfect, but they are at use all the time and there is nothing wrong with them.
quote:
For instance why do advertisers advertise more geriatric products during daytime TV and more malt beverage ads during youth oriented shows? Of course not everyone watching fits their target audience but the odds are in their favor.
quote:
But it does guarantee that picking a point randomly from the surface of the water, odds are the depth of that water is less than 2 feet and thus odds are the person will not drown. [...]
quote:The point of the joke is that when one is crossing the river, the average depth is irrelevant if it's 6 inches deep for most of the way and 60 feet deep in the middle.
Originally posted by KRamsauer
If you drown in 6 feet of water, you stand a 1/3 chance of drowning at the most. Sounds good to me, especially when you consider that a worst case scenerio. More statisticians will live than will die.
quote:But it does! Let's get technical:
Originally posted by Toby
No, it guarantees no such thing. That's the point.
quote:AHHHHHHHHH! You keep missing the point! I'm not claiming I can tell everything. Just more than chance. When you know the population your ability to predict the properties of a sample are increased. If you doubt me, please, do us both a favor and go pick up a simple statistics book. Your maintaining that you can tell nothing about a sample from the population is so misguided as to be almost comical.
Originally posted by Toby
The feeling is mutual.[B]You're confusing morally wrong and factually wrong.[B]Except for the fact that there is no reliability inherent in them. At best, you're using your personal experience to make a generalization.[B]They've also done a bit more research and numbers than the original example at hand. Regardless, the point was that because someone is watching daytime television, you have no basis to say that they're geriatric. On average, more people may be, but one can't specify from the general. That's the point that you keep missing.[B]No, it guarantees no such thing. That's the point.
quote:Have you ever done real coin-flip trials? It's quite possible to have 50 runs where 40 may come out heads and only 10 tails even though the average is 50/50 statistically.
Originally posted by KRamsauer
Then the expected payout is zero. Why wouldn't you want to take it?
quote:
I'll give you $10 just for participating. There. If your hypothesis is correct, that it is simply random, you will come out ahead $10. However, I would be able to win far more than 1/3 of the bets and would therefore bleed you dry. See it isn't a coin toss because the older guy is much more likely to get heart disease.
quote:
It wouldn't be 2 of three against me.
quote:
You dont' understand the value of statistics, though.
quote:
You're saying that predicitve statistics tell you *nothing* about a particular instance,
quote:
which is simply incorrect. If you were to adjust the odds in our bet to reflect the likelihood of older men getting heart disease before younger girls, then it would be a gamble because the knowledge is factored into the bet. However, since you are giving the knowledge no predictive power, you insist the odds are still 1/3 of getting it right. That is simply not the case and in the long run you will lose and lose and lose.
quote:
Originally posted by KRamsauer
But it does! Let's get technical:
You will only drown in water more than 6 feet deep.
You cannot have negative depth.
To have an average depth of 6 feet you need to have 2 points of zero depth for every point that will drown you.
There are two times more places you'll drown than you won't.
Done.
quote:First the joke said nothing of crossing. I was using a single point drop as my example. Change the parameters, you change the result. Please read things carefully.
Originally posted by Toby
You cannot cross the river without touching all points. You drown. Done.
Simplification
Here's what I'm saying:
"By knowing the ratio of certain traits in the population you can know the likelihood of the occurance in an individual and use that knowledge to predict with greater than chance probability the presence of that trait. Chance being 50% for the presence of a binomial trait."
Here's what you're saying:
"If you know something is present in 99% of a population, upon selecting at random a representative of that population you will only be able to predict with 50% accuracy whether or not that person has that trait."
quote:Consider for a moment that multiple people are telling you the same point. You are the only one whose point is seemingly being missed (in your interpretation). What are the odds that it's you?
Originally posted by KRamsauer
AHHHHHHHHH! You keep missing the point!

quote:
I'm not claiming I can tell everything.
quote:
Just more than chance. When you know the population your ability to predict the properties of a sample are increased.
quote:
If you doubt me, please, do us both a favor and go pick up a simple statistics book.
quote:
Your maintaining that you can tell nothing about a sample from the population is so misguided as to be almost comical.
quote:
Originally posted by Toby
Yes, I do. I realize that sometimes they're jewels, and other times they're rocks. I think you _over_value statistics.
quote:
No. I'm saying that using generalized statistics (especially those which aren't really statistics and just anecdotal evidence) to try and predict a particular instance is flawed.
quote:
Therein lies the rub. There is no long run. In a single instance, it's no more reliable than anything else. That's the point. If you want to go around and treat people like statistics and be wrong X percentage of the time, that's your prerogative. Personally, I much prefer to just rely on only the evidence at hand rather than past anecdotal data from different samples.
quote:It's implied in the joke. There are no parameters mentioned because one is supposed to use their imagination and sense of humor. Please acquire both.
Originally posted by KRamsauer
First the joke said nothing of crossing. I was using a single point drop as my example. Change the parameters, you change the result. Please read things carefully.
quote:So you understand what I'm talking about. The whole notion of predictive validity. YOu can know something about a population and make an educated guess about a sample, though often you will be wrong, you will be more accurate than a random number generator (which is what you seem to be advocating).
I've taken graduate level statistics courses, and used to work on GIS for a living analysing Census data (which was always reviewed and never contradicted). I think I've a grasp of statistics at least at a layman's level.
Re: Simplification
quote:
Originally posted by KRamsauer
Here's what I'm saying:
"By knowing the ratio of certain traits in the population you can know the likelihood of the occurance in an individual and use that knowledge to predict with greater than chance probability the presence of that trait. Chance being 50% for the presence of a binomial trait."
Here's what you're saying:
"If you know something is present in 99% of a population, upon selecting at random a representative of that population you will only be able to predict with 50% accuracy whether or not that person has that trait."
quote:Sorry, in a discussion aimed at getting to the truth and realizable facts, imagination I figured was something we shouldn't be using. I've gone swimming and wading in rivers much more than I've tried to cross them so in my mind my interpreation was correct. I'm sorry I couldn't "read between the lines."
Originally posted by Toby
It's implied in the joke. There are no parameters mentioned because one is supposed to use their imagination and sense of humor. Please acquire both.
quote:Were this not getting funny, I think I'd have to scream. I never wrote off statistics. I wrote off your anecdotal evidence and experiences having any predictive validity.
Originally posted by KRamsauer
Not quite. I understand their value and their power. You are writing off the whole field because it cannot produce 100% results. Seems like a waste to me.
Re: Re: Simplification
quote:Of course from my experiences it's hard to derive a sample large enough to derive inferential statistics. That's not what I'm claiming. I'm claiming that upon knowing the tendencies of a population (men to develop heart disease and women to get breast cancer, for instance) there is nothing wrong with using that knowledge.
Originally posted by Toby
No, here's what I'm saying:
"Just because all of the people that you've met from a certain population think a certain thing, there is no basis for generalizing that the next person from that population you meet, or that any specific number of that population think a certain thing." Keep your straw men to yourself.
quote:No, you obviously are still not getting it. Look up anecdotal evidence in your statistics book.
Originally posted by KRamsauer
So you understand what I'm talking about. The whole notion of predictive validity. YOu can know something about a population and make an educated guess about a sample, though often you will be wrong, you will be more accurate than a random number generator (which is what you seem to be advocating).
quote:I never claimed my population parameters were derived from personal experience. You were writing off my using of parameters to predict samples. And doing that writes off basic principles of math and statistics.
Originally posted by Toby
Were this not getting funny, I think I'd have to scream. I never wrote off statistics. I wrote off your anecdotal evidence and experiences having any predictive validity.
quote:Anecdotes are pieces of data collected in unscientific ways (non-random sampling being the chief method). Using parameters (or inferential statistics derived with valid methods) to predict samples has nothing to do with anecdotal evidence.
Originally posted by Toby
No, you obviously are still not getting it. Look up anecdotal evidence in your statistics book.
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