Wednesday, November 16, 2022

"Which one of these will be the biggest “unicorn” failure ever?"

Our boilerplate introduction to Andrew Gelman:

Professor Gelman Is Not Impressed By The "Nudge" People 

Andrew Gelman is Professor of statistics and political science at Columbia Uni., the guy who tells the other social scientists how to get their numbers right so they can at least give the appearance of being a science. He has a very tart tongue which, combined with a high level intellect is fun to watch taking on sacred cows and shibboleths. As long as you aren't the target of said intellect and/or sharp tongue.

Here he is looking at Cass Sunstein as Sunstein's new book rolls out....

And from his trusty (and trustworthy) blog, Statistical Modeling, Causal Inference, and Social Science, November 14:

Jeffrey Lee Funk and Gary Smith have a list of startups with $3 bllion or more in cumulative losses:

Company                 Founded	 Funds Raised	 Cumulative Losses
Uber Technologies	2009	 $25.2 billion	 $31.7 billion
WeWork	                2010	 $21.9 billion	 $20.7 billion
Teladoc Health   	2002	  $0.17 billion	 $11.2 billion
Rivian Automotive	2009	 $10.7 billion	 $11.1 billion
Snap            	2011	  $4.9 billion	  $9.1 billion
Lyft             	2012	  $4.9 billion	  $8.9 billion
Airbnb          	2008      $6.0 billion	  $6.0 billion
Palantir Technologies	2003      $3.0 billion	  $5.8 billion 
Gingko Bioworks 	2009      $0.8 billion	  $4.8 billion
Door Dash       	2013      $2.5 billion	  $4.6 billion
Invitae         	2010      $2.0 billion	  $4.4 billion
Nutanix         	2009      $1.1 billion	  $4.3 billion
RobinHood       	2013      $6.2 billion	  $4.2 billion
Bloom Energy    	2001      $0.83 billion   $3.3 billion
Wayfair         	2002      $1.7 billion 	  $3.0 billion

Funk and Smith write:....

....MUCH MORE, the good professor's comments are priceless. 

Some prior visits with Professor Gelman:

“Using Benford’s Law to Detect Bitcoin Manipulation”

“So the real scandal is: Why did anyone ever listen to this guy?”

An old favorite from 2018:
"Big Oregano Strikes Again"
I can't wait until he gets around to some of the spurious correlations propagated by the International Parsley Cartel....

And many more, use the 'search blog' box, upper left, if interested.