The Narrow Path

Base Rate and Mean Regression

How can you make predictions on whether certain things will happen? One effective way is to keep the base rate in mind. This refers to a statistical base, which other statistics rely on. For example, imagine a large taxi company has 20 percent yellow cabs and 80 percent red cabs. That means the base rate for yellow […]

Les Miserables

Life should be enjoyed at every moment like watching a musical performance. It is about enjoying every note and not just about waiting for the finale.

Tent Making

When All Else Fails, Do it as if you are doing it for the Lord!