Tuesday, July 26, 2005

EQ - USE IT WHEN YOU 'LOOK AT' STATISTICS



USE YOUR EQ ... BE AN OSTRICH WHO DOESN'T BURY ITS HEAD IN THE SAND

I'm enjoying "Freakonomics," by Steven D. Levitt. This "rogue economist" has been asked to use data to help the CIA catch money launderers. An economist? Levitt believes the modern world, despite a surfeit of obfuscation, complication, and downright deceit, is not impenetrable, is not unknowable, and -- if the right questions are asked -- is even more intriguing that we think.

And he sure has an intriguing way of looking at it.

Now, if you don't bury your head in the sand like an ostrich -- in other words, if you use your EQ to apply it to donciseration of the data and statistics you read -- you can see underlying patterns and learn fascinating things.

Don't do like the czar in folklore Levitt cites who learned that the province with the most illness had the most doctors in it, concluded the doctors were the cause, and had them all executed!

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