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by simulate 5047 days ago
Stanford's Sam Savage has written an excellent book on the topic of disaggregating average data and mistakes made from using averages. Here's a summary of the book on his website: http://www.stanford.edu/~savage/flaw/

and here's a link to his book, titled The Flaw of Averages: http://www.amazon.com/Flaw-Averages-Underestimate-Risk-Uncer...

1 comments

Cool book, but sad that the public on average seems hopeless at understanding that variance exists.