Barbarous Statistics: Moneyball
** Barbarous Statistics ** I don’t follow baseball, but I can’t escape statistics. Whether making hiring decisions, investment calls, or building experimental design, statistics haunt every day. In Moneyball, Lewis has found an all-star protagonist and crowd-pleasing backdrop to spin a yarn worth listening to. Lewis’ lesson is not that one should use statistics over gut instinct. Instead it is that statistics are only as useful as the totality of their methodology. A mistake in any level that started by translating the real world into quantized data, then aggregated it to actionable insights, invalidates the entire process. ...