Allen B. Downey – Probably Overthinking It
New Books in Economics | 10 October 2025 | 1h 02m | Listen Later
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Podcasts | Spotify
Interview with Allen B. Downey about his book Probably Overthinking It: How to Use Data to Answer Questions, Avoid Statistical Traps, and Make Better Decisions. Argues that understanding data is crucial to avoiding statistical traps and making better decisions, noting how statistical lenses can distort reality. Covers concepts like the Gaussian curve and lognormal distributions, the Inspection Paradox (recidivism), Berkson’s paradox (medical studies), and Simpson’s Paradox (vaccine efficacy). Highlights the importance of correctly interpreting data, citing examples where errors, such as those in analysing the effects of maternal smoking or long-tail disaster probabilities, severely impact societal outcomes.