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How Statistics Became a Model-blind Data-reduction Enterprise? Karl Pearson

In the last blog post, we have covered Francies Galton and his Galton Board. In this post, we will talk about Karl Peason. Pearson was affected by Galton’s idea on correlation. He believes correlation is bigger than causation. Causation was reduced to nothing more than a special case of

How Statistics Became a Model-blind Data-reduction Enterprise? Francies Galton.

Date: 5 June 2021 This is Chapter 2 of the book, The Book of Why. This chapter is an account of the history of statistics and how it departs from understanding causation to only correlation. I personally did not validate the accuracy and completeness of the stories in the Chapter.

If causation is not correlation, then what is it?

Date: 30 May 2021 I am currently reading a book called The Book of Why. I just finished Chapter 1, The Ladder of Causation, and would like to give you a quick summary on what I have learnt. In the recent advancement and success of machine learning and artificial intelligence,

The History of Philosophy

Date: 29 May 2021 I picked up two books in a book store today. One of them is called The History of Philosophy: Three Millennia of Thought from the West and Beyond, written by A.C. Garyling. Another one is The Book of Why, written by Judea Pearl. In a

Chapter 3 Summary of Managing a Consumer Lending Business

Date: April 27, 2021 This chapter is not about how to develop a scorecard. Rather, it focuses on the key steps, resources needed, and evaluations a manager should know. I have written two summaries on scorecard development which covers most of the points in this chapter, especially on the key

Understand That People Are Wired Very Differently

I became a fan of Ray Dalio after reading his book, The Big Debt Crisis and his article series on LinkedIn called The Changing World Order. I was really impressed by his knowledge. Then I picked up another popular book written by him called Principles. It is a long book.

Chapter 2 Summary of Managing a Consumer Lending Business

Date: April 25, 2021 This chapter, although it is called Planning Consumer Products, I think it is about product development. It talks about the variables in developing a product/ adjusting a product. First of all, the product should align with the underlying strategy of an organization. We need to understand