Tea with FT

As a former Executive Director of the World Bank I know that the columnists of the Financial Times have more voice than what I ever had, and therefore they might need some checks-and-balances.

Would a child shouting out “the Emperor is naked” have his observation published in FT? Would he now need a PhD for that to happen?

For more see "A Blog is Born" at the very bottom.

Showing posts with label confidence level. Show all posts
Showing posts with label confidence level. Show all posts
March 28, 2015

In statistics we need to adjust confidence levels to significance of conclusions levels.

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Sir, I refer to Tim Harford’s “ Highs and lows of minimum wages ”, March 28. In it Harford writes: “A fascinating survey reported in th...
July 23, 2014

A bank’s expected failure going from once in 1000, to once in 200 years, does not sound like an impressive improvement :-)

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Sir, Gina Chon refers to Steve Strongin, head of Goldman’s investment research division stating: “In the past the mean time for the failure...
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