Tuesday, March 12, 2013

Reads 12 March 2013

LCHF for Beginners
The rage in edmw now, due to some guy posting his awesome 'after' pictures. It's essentially the same thing as the paleo diet, focusing primarily on eating whole foods less carbohydrates. To me, i find it pointless giving this "diet" a name or even call it a diet to begin with. Whole foods are what we are supposed to be eating in the first place! Which is why i think that the food industry has become so warped and corrupted now.

Anyway looking back, it's been 1 year since I've started this journey. It's been awesome thus far.

Would playing Jeremy Evans be a slam dunk?

I feel that this article highlights the general attitude towards statistics in real-world applications. If the data says that a player is good and contributing, do you play him more? If no, is it because the coaching team/management sees better with their eyes, and they cannot afford to "test" this player on the actual games that much? If you do play him more and he somehow doesn't perform as predicted, then do you continue to keep him in the game?

It's this concept of believing in the data. One believes that he's taking a risk to believe in the data. But the data (if prepared correctly) will give a long-term expectation of what's to come, so there's only variance. Is variance risk?

It's like saying in a biased coin toss game, heads will appear 51% of the time. Does one still continue to bet heads even if 10 tails has appeared in a row? The concept of stop-loss comes in now. But the expectation is positive. Does introducing stop-loss make you lose more instead?

A little rusty on my financial statistics. I'm just ranting off the top of my head.

Dunning-Kruger Effect

In short, noobs think that they are pro and everyone is noob, while pros think that they are noobs.

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