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“Like a harbor clotted with sunken vessels”: update — Andrew Gelman

Summary:
There’s nothing wrong with people publishing research that turns out to be mistaken. No problem at all. Sometimes you can’t know a path is a dead end until you walk down it.The problem is not (necessarily) with the original study. The problem is with a scientific culture that doesn’t have a good way of letting go of these mistakes. Like a harbor clotted with sunken vessels....Statistical Modeling, Causal Inference, and Social Science“Like a harbor clotted with sunken vessels”: updateAndrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University

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There’s nothing wrong with people publishing research that turns out to be mistaken. No problem at all. Sometimes you can’t know a path is a dead end until you walk down it.

The problem is not (necessarily) with the original study. The problem is with a scientific culture that doesn’t have a good way of letting go of these mistakes. Like a harbor clotted with sunken vessels....

Statistical Modeling, Causal Inference, and Social Science
“Like a harbor clotted with sunken vessels”: update
Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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