Abstract Confusions

Complexity is not a cause of confusion. It is a result of it.

Tag Archives: Statistics

Statistics: When Numbers Lie

Mark Twain once said,

There are three kinds of lies: lies, damned lies, and statistics.

Another quote by Steven Wright says like this,

47.3% of all statistics are made up on the spot.

And there is a detail account of how to lie with statistics. We all love numbers. Any talk with references to numbers is considered to be correct and appropriate.

How to Understand Numbers

Most of the time, it is people’s mistake in understanding the numbers presented to them. For example, understanding what numbers mean. Consider the following cases.

A corporation was able to announce the following the statistics: Total number of shareholders: 3003. Average shares per shareholder: 660. Looks nice, thats more like a democracy, every one has equal say in the proceedings, but in reality, it is just three people holding 3/4th of shares and remaining people holding 1/4th share. What looked like a happy number is actually not so.

Share Holding pattern - Average cheats

Share Holding pattern - Average cheats

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Information is beautiful – My Week

Inspired by Information is beautiful. The site is maintained by David McCandless, a London-based author, writer and designer. And he says,

I’m interested in how designed information can help us understand the world, cut through BS and reveal hidden connections, patterns and stories underneath. Or, failing that, it can just look cool!

Here is my week.

My week

My week in numbers

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