Statistics In Economics Quotes & Sayings

Under certain conditions, index numbers may do very useful service as an aid to investigation into the history and statistics of prices; for the extension of the theory of the nature and value of money they are unfortunately not very important. — Ludwig Von Mises

I would have never released the sanctions [for Iran] before there was consistent evidence of compliance. — Rand Paul

My mother was an economics professor. I'm proficient in math, and statistics, game theory, symbolic logic and all of that. — Dave Hickey

What nature hath joined together, multiple regression analysis cannot put asunder. — Richard E. Nisbett

Convincing - and confident - disciplines, say, physics, tend to use little statistical backup, while political science and economics, which have never produced anything of note, are full of elaborate statistics and statistical "evidence" (and you know that once you remove the smoke, the evidence is not evidence). — Nassim Nicholas Taleb

Even indoors, it seems that we should be wearing raincoats, that we need protection from all that we're up against. — Yuvi Zalkow

This life is our shared dream.
We all may meet again in reality. — Toba Beta

...the facts of economic life cannot be comprehensively described in terms of statistics. — Oskar Morgenstern

One of the very first things students in intro psychology, statistics, or economics courses learn is how to "clean up the data. — Shawn Achor

The universe was playing with loaded dice, which insured an excess of cowards in our ranks. — Ta-Nehisi Coates

I view the work I've done related to statistics and economics as, roughly speaking, how to do something without having to do everything. — Lars Peter Hansen

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models. — Lars Peter Hansen

99 percent of all statistics only tell 49 percent of the story. — Ron DeLegge II

I have been accused of being ignorant of economics (although I am the founder and Chairman of the Board of a company which publishes seven professional economic newsletters), of being ignorant of sociology (although I am trained in sociology and was C. Wright Mills' research assistant at Columbia), of being unable to use statistics (although I earned my living as a professional statistician for five years) and of ignoring political factors (although all my graduate training was in political science). — Lloyd DeMause

The Bible never says anything about dinosaurs. You can't say there were dinosaurs when you never saw them. Somebody actually saw Adam and Eve. No one ever saw a Tyrannosaurus Rex. — Carl Everett

By a combination of formal training and self study, the latter continuing systematically well into the 1940s, I was able to gain a broad base of knowledge in economics and political science, together with reasonable skills in advanced mathematics, symbolic logic, and mathematical statistics. — Herbert A. Simon

Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a field like economics where the data is so noisy. — Nate Silver

Every high school and college graduate in America should, I think, have some familiarity with statistics, economics and a foreign language such as Spanish. Religion may not be as indispensable, but the humanities should be a part of our repertory. They may not enrich our wallets, but they do enrich our lives. They civilize us. They provide context. — Nicholas Kristof

Each day in this country, twenty-three hundred children are reported missing. — Dennis Lehane

In a high tech world the cure for the tragic shortcomings and perilous fallacies of human intuition is education, but education in economics, evolutionary biology, probability and statistics - unfortunately most High School and College curricula have barely changed since Medieval times! — Steven Pinker