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philipat's avatar

It's frightening and disturbing to 'suspect" that the corruption in our society has reached the point where even Actuaries are being influenced to ignore certain data aspects and potential SImpson's paradoxes. This would, in turn, result in Insurance Companies losing money if actuarial data is not accurately translated into the calculation of premiums. And the Insurance Companies, quietly, carry enormous influence, possibly more so than the banks, so they would not be easily influenced. So for this interpretation to be correct - and it would certainly appear to be so - the corruption of our society must be complete and terminal!

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Dani Richards's avatar

thank you for taking the time to explain some basic statistics to non-statisticians. You are correct that there are a lot of people (like me) who need a crash course in order to understand this data better. I greatly appreciate your realizing how important it is to reach people not trained in data analysis, but who are quick to understand, once you show the basic concepts. Substack is a great platform for quite a few brilliant people who are putting this info out into the public square in accessible ways -- it's so important.

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