Would it be wise to loan for a vocation?

Will you invest in people who loan for vocations? 

For years I’ve been fascinating about this culture conflict in consumption habits: westerners’ borrowing versus Chinese’s saving habits.

China enjoys the highest personal saving rates over the world. Most people put almost 50% of their income into saving accounts. Comparably, the average U.S. personal savings rate has been around 5% for the last few years. Chinese would save every dollar for housing, education and health care, if not the last, travel would never be of the first priority, let alone borrow money for it. However I notice there is a great amount of money borrowed by kiwis for holiday expenses (the third largest proportion among all purposes) in one of the p2p platform in New Zealand. Continue reading Would it be wise to loan for a vocation?

What Grandpa has Taught Me? Stay Healthy and Love Your Families.

The old are not always wise. You are not expecting some sort of XX life lessons that Grandpa has taught me here but the ugly truth of getting old and sick, fragile with less dignity.

All good memory starts with a little bitter beginning. I was raised up by my Grandparents when I was an infant. Mum was not happy with two extra girls and dad dropped me at Grandpa’s. I was told as an evil to the family because I tended to grab anything to the ground and kept messy surroundings. Grandpa came up with a good idea to prevent me from skewing things up, he make a swing under the door frame and made me swinging the whole day long so that I could be exhausted and ended up a day in good sleep. As he pushing me on the swing, he would be cheerfully singing along, “Go up higher, my princess in the air!” Continue reading What Grandpa has Taught Me? Stay Healthy and Love Your Families.

【Translation】Conclusion

Conclusion

总结

Beware false confidence. You may soon develop a smug sense of satisfaction that your work doesn’t screw up like everyone else’s. But I have not given you a thorough introduction to the mathematics of data analysis. There are many ways to foul up statistics beyond these simple conceptual errors.

时刻小心你的过于自信。你可能会因为自己没像其他人一样搞砸而沾沾自喜。但是我们并没有深入数据分析背后的数学问题。有太多可能会导致这些常见的概念错误。 Continue reading 【Translation】Conclusion

【Translation】What can be done?

What can be done?

我们能做什么?

I’ve discussed many statistical problems throughout this guide. They appear in many fields of science: medicine, physics, climate science, biology, chemistry, neuroscience, and many others. Any researcher using statistical methods to analyze data is likely to make a mistake, and as we’ve seen, most of them do. What can we do about it?

本书中我们已经讨论了很多统计问题。这些问题充斥在各个领域内:医疗、物理、气候科学、生物、化学、神经科学以及其他很多领域。任何一位使用统计方法分析数据的研究人员都有可能犯错,我们也发现大多数人都在犯错。那么我们能为此做些什么呢? Continue reading 【Translation】What can be done?

【Translation】What have we wrought?

What have we wrought?

我们都做了什么?

I’ve painted a grim picture. But anyone can pick out small details in published studies and produce a tremendous list of errors. Do these problems matter?

我虽然指出了严峻的现实。但是任何人的都可以从已出版的研究中挑出一系列的错误。这些真的是有意义的么?

Well, yes. I wouldn’t have written this otherwise.

当然。否则我也不会写出这本书。 Continue reading 【Translation】What have we wrought?

【Translation】Hiding the data 

Hiding the data 

隐藏数据

“Given enough eyeballs, all bugs are shallow.”

—Eric S. Raymond

“只要有足够的人去审查,所有谬误都会搁浅。”

——Eric S. Raymond

We’ve talked about the common mistakes made by scientists, and how the best way to spot them is a bit of outside scrutiny. Peer review provides some of this scrutiny, but a peer reviewer doesn’t have the time to extensively re-analyze data and read code for typos – reviewers can only check that the methodology makes good sense. Sometimes they spot obvious errors, but subtle problems are usually missed.52

我们谈论了科学家常犯的错误,以及识别他们最好的办法就是旁观者的审视。同行评审提供部分审查,但是同行评审并没有花时间去广泛地重新分析数据,读代码纠错——评审只是在检查作者使用的方法是否符合逻辑。有时也会发现一些明显的错误,但是一些轻微的问题就被忽略不见了。 Continue reading 【Translation】Hiding the data 

【Translation】Everybody makes mistakes

Everybody makes mistakes

每个人都会犯错

Until now, I have presumed that scientists are capable of making statistical computations with perfect accuracy, and only err in their choice of appropriate numbers to compute. Scientists may misuse the results of statistical tests or fail to make relevant computations, but they can at least calculate a p value, right?

至此,我一直假设科学家有能力完成准确的统计运算,只在选择数字的时候会犯错。科学家可能会误用统计检验的结果或者在相关计算上犯错,但是他们至少能把p值给算出来,对吧?

Perhaps not.

也许并不。 Continue reading 【Translation】Everybody makes mistakes

【Translation】Researcher freedom: good vibrations?

Researcher freedom: good vibrations?

研究人员的自由:选择多真的好吗?

There’s a common misconception that statistics is boring and monotonous. Collect lots of data, plug the numbers into Excel or SPSS or R, and beat the software with a stick until it produces some colorful charts and graphs. Done! All the statistician must do is read off the results.

人们总是误以为统计是无聊和单调的。收集大量的数据,然后倒入Excel或者SPSS、R软件里,折磨机器好一阵子直到得出漂亮的图表。完美!所有统计学家必须要做的是有可读性的结论。 Continue reading 【Translation】Researcher freedom: good vibrations?

【Translation】Stopping rules and regression to the mean

Stopping rules and regression to the mean

终止规则和均值回归

Medical trials are expensive. Supplying dozens of patients with experimental medications and tracking their symptoms over the course of months takes significant resources, and so many pharmaceutical companies develop “stopping rules,” which allow investigators to end a study early if it’s clear the experimental drug has a substantial effect. For example, if the trial is only half complete but there’s already a statistically significant difference in symptoms with the new medication, the researchers may terminate the study, rather than gathering more data to reinforce the conclusion.

医学试验是昂贵的。进行数十个患者的医疗试验并长时间记录他们的症状改变需要大量的人力物力,因此许多制药厂家制定了“终止规则”,这使得投资者能加速研究进程。例如,如果该试验只完成了一般,但是患者症状已经发现了统计显著性差异的好转,研究人员就会停止继续该试验,而不是继续进行获得更多的试验来加强该结论。

When poorly done, however, this can lead to numerous false positives.

然而,如果做的不合适,这种终止规则会导致大量的假阳性结论。 Continue reading 【Translation】Stopping rules and regression to the mean

【Translation】When differences in significance aren’t significant differences

When differences in significance aren’t significant differences

当具有显著性的差异并显著差异

“We compared treatments A and B with a placebo. Treatment A showed a significant benefit over placebo, while treatment B had no statistically significant benefit. Therefore, treatment A is better than treatment B.”

“我们比较A和B两种使用安慰剂的治疗方案,其中方案A给出显著性疗效,而方案B中新药对比安慰剂并没有显示出显著疗效。因此方案A比方案B要更有效。”

We hear this all the time. It’s an easy way of comparing medications, surgical interventions, therapies, and experimental results. It’s straightforward. It seems to make sense.

我们总是能听到这样的判断。比较不同药品、手术介入、治疗方案和实验结果,因为直观,看上去也有道理。

However, a difference in significance does not always make a significant difference.22

然而,那些看上去显著的差异有时候并不算真正意义的显著差异。 Continue reading 【Translation】When differences in significance aren’t significant differences