Outlines the differences between type I and type II errors in investing and trading. Gives tips on how to avoid both types of errors. Explains why type II errors are more dangerous and advocates the ...

THOUSANDS of Brits could have been misdiagnosed with diabetes after a disastrous machine error. Around 55,000 patients will ...

I regularly teach courses in statistics. And make no mistake about it, I LOVE teaching statistics. I’ve taught this class since 1996, have (with Sara Hall) co-authored a textbook on the topic, and I’d ...

To Jeff Bezos, there are two basic types of decisions. Type 1 decisions are almost impossible to reverse; he calls them one-way doors. Type 2 decisions are two-way doors. Make a bad Type 2 decision?

A hospital said it was "developing a system" to call back people for retesting after errors by a machine used to diagnose ...