Dark Stuff That Makes You Statistically Smart
Ziliak and McCloskey, by way of Tim Harford, reveal that Student's t-test, a very important statistical test, refers to William Sealy Gosset. This man wanted to know how many experiment with hops, malt, and barley, needs to be done to produce a considerable confidence of the result in pursuit of good beer.
That beer is known as Guinness, the exquisite dark stuff that probably is the greatest Irish contribution to the world. Better than James Joyce or the U2.
Lift your pint and make a toast for Gosset, but I am not sure for which one: the Guinness or his t-test. Maybe both.
Labels: Econ Tools, Jazz
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