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Statistical rules of thumb Gerald van Belle
Publisher: Wiley

He noticed that his average 800m Burfoot doesn't seem to have done any statistical analysis, or even any research other than asking a few running buddies about their workouts and marathon times. 7- The greatest inferential mistake: "This event never happens in my market. Van Belle - Statistical Rules of Thumb. 6- Never let a day go by without studying the changes in the prices of all available trading instruments. You will build an instinctive inference that is more powerful than conventional statistics. My fascination with his ideas led me to DerivativesStrategy.com which published Mr. Snedecor -Statistical Methods, 8th ed. While reading Bart Yasso's My Life on the Run, I came across his predictor for marathon times, "Yasso 800s." Yasso was in the habit of doing a 10 x 800m track workout; his rest in between each item was a 400m jog. Despite decades of careful data collection and mathematical and statistical research, on many large questions we have little more than rules of thumb. Taleb's rules of thumb on trader risk management, which I have quoted in full below. Sheshkin - Handbook of Parametric and Nonparametric Statistical Procedures.