Posts tagged as models

18 Feb 2007

Sally Clark and the appalling cost of bad science

Last week’s news of the death of Sally Clark, who suffered the most awful injustice a mother could imagine, brought back all the anger. The case illustrated our poor ability to reason using probabilities. Sally’s fate was sealed not by an expert in statistics but by a paediatrician who used statistics outside his abilities and by a judicial system that failed to question the statistics, the reasoning applied to them and the implications for due process.

read more Commentary by Stuart Fowler
08 May 2006

Approaching old peaks: so what?

Stock markets around the world are closing in on the index levels achieved before the last bull market turned into a bear market. With hindsight, we can view the old peaks as bubble territory, inflated by foolish notions about technology. Six years later, it is tempting to think the same levels must again be dangerous [...]

read more Commentary by Stuart Fowler
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