Thedutylife's Podcast

The "Evidence Based" Approach is often the Province of Statistically Pseudo-Experts incapable of grasping Absence of Evidence

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Sinopsis

The "Evidence Based" Approach is often the Province of Statistically Pseudo-Experts incapable of grasping Absence of Evidence Absence of Evidence Consider the  following experiment- John is founder of a hilgly successful web analytic website- and have as baseline 15.000.000 active members as entrpreneurs- aspiring entrepreurs,investors,decision makers  – who are using his services. Year one john’s membership web analytic is doing very well- year two the financial heath of the company has shifted from good to better-year three,the profitaility of the company is oustanding.   John travel the world and gives seminar about how magnificent and grandiose his company is doing  until y year 5or 6 or  ,you name it: and then all of of sudden on the 7th year John’s webanalytic company  faces a surprise downturn.Only after the facts (when wipeout and out of business),john seem to understand that he was conflating  Emergency room for cosmetic surgery- when in reality he was sitting on a ticking time bomb.    Now john here