The Joe Walker Podcast

#47: The Shape of Probability - Harry Crane


Listen Later

Harry Crane is a scholar who specialises in statistics and probability. He is currently a professor of statistics at Rutgers University.

In this episode, Joe catches up with Harry in New Jersey to discuss the history of probability, how experts routinely misuse statistics, “The First Rule of Probability”, the replication crisis in science, and how Harry thinks about probability in shapes rather than numbers.

Show notes

Selected links

Connect with Harry Crane: Website | Twitter
Harry’s book, Probabilistic Foundations of Statistical Network Analysis
Harry’s project, Researchers.one: Website | Twitter
Nassim Taleb, Foundations of Probability Seminar
Daniel Kahneman, Foundations of Probability Seminar
Harry Crane, Foundations of Probability Seminar
The Signal and the Noise, by Nate Silver
The modern-day snake oil salesman, Harry’s medium article on Nate Silver
A technical companion to the above medium article
Benjamin et al’s paper on redefining statistical significance
Harry’s paper on the replication crisis, a reply to Benjamin et al
Skin in the Game, by Nassim Taleb
Daniel Kahneman’s open letter on priming
Thinking, Fast and Slow, by Daniel Kahneman
The ‘Linda problem’ (original paper)
The ‘base rate fallacy’ (original paper)

Topics discussed

  • Harry’s definitions of probability and statistics. [14:20]

  • Misuses of statistics, including why Nate Silver is always right (and therefore wrong). [23:12]

  • Harry introduces “The First Rule of Probability” - an application of “skin in the game”. [28:14]

  • The replication crisis in science. [33:15]

  • Harry’s radical proposal to address the replication crisis. [59:27]

  • Joe and Harry discuss Kahneman and Tversky’s famous “Linda problem” and whether people being “bad intuitive statisticians” is necessarily a bad thing. [01:08:48]

  • Gerd Gigerenzer’s riposte to Kahneman and Tversky. [01:19:39]

  • Kahneman and Tversky’s “blue cab problem” and the base rate fallacy - and how they are predicated on the supposed rightness of Bayesian probability. [01:21:23]

  • How Harry thinks about probability in shapes rather than numbers. [01:31:33]

  • Harry’s new book Probabilistic Foundations of Statistical Network Analysis and the main idea it advances. [01:35:37]

  • Harry’s project Researchers.one and how he’s hoping to improve academia. [01:39:00]

 

...more
View all episodesView all episodes
Download on the App Store

The Joe Walker PodcastBy Joe Walker

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

120 ratings


More shows like The Joe Walker Podcast

View all
Odd Lots by Bloomberg

Odd Lots

1,932 Listeners

EconTalk by Russ Roberts

EconTalk

4,264 Listeners

Conversations with Tyler by Mercatus Center at George Mason University

Conversations with Tyler

2,451 Listeners

Grattan Institute by Grattan Institute

Grattan Institute

8 Listeners

Uncomfortable Conversations with Josh Szeps by Josh Szeps

Uncomfortable Conversations with Josh Szeps

843 Listeners

Hidden Forces by Demetri Kofinas

Hidden Forces

1,436 Listeners

The Michael Shermer Show by Michael Shermer

The Michael Shermer Show

939 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

10 Listeners

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas by Sean Carroll | Wondery

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

4,181 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

517 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

29 Listeners

"Econ 102" with Noah Smith and Erik Torenberg by Turpentine

"Econ 102" with Noah Smith and Erik Torenberg

151 Listeners

Chanticleer by Australian Financial Review

Chanticleer

18 Listeners

The Fin by Australian Financial Review

The Fin

18 Listeners

The Marginal Revolution Podcast by Mercatus Center at George Mason University

The Marginal Revolution Podcast

95 Listeners