The last time inflation was unusually high, the economist Robert Lucas wrote a paper criticizing policy evaluation by performing statistical analysis on historical aggregates. It is now known as the Lucas Critique (not to be confused with the more common Lucas Critique concerning the Star Wars prequels). The paper (“Econometric Policy Evaluation: A Critique”) does … Continue reading Use Designers in Data Analysis
Tag: data
Saving the mean
We are better at statistics than we normally get credit for. Greater statistical literacy is still important, since more data is being used to persuade, but our overall understanding has gotten better. One example of this improvement is that most people reading analysis will know that the arithmetic mean can be shifted by excessively large … Continue reading Saving the mean
The Networks of Cultist Simulator
Cultist Simulator reveals its world through fragments and its lore is discovered by considering these fragments in relation to each other. The game's Discord server has an active community that discusses the lore of the world (now known as the Secret Histories), and there is plenty of room for interpretation about what is going on. … Continue reading The Networks of Cultist Simulator