Comments on: Mortgages, banks, and Jensen’s inequality http://www.johndcook.com/blog/2009/08/26/mortgages-banks-and-jensens-inequality/ The blog of John D. Cook Tue, 16 Mar 2010 04:10:08 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: John http://www.johndcook.com/blog/2009/08/26/mortgages-banks-and-jensens-inequality/comment-page-1/#comment-23521 John Wed, 26 Aug 2009 16:18:47 +0000 http://www.johndcook.com/blog/?p=2964#comment-23521 That is the essence of Savage's book: you cannot ignore variation. Savage does a remarkable job of communicating this idea to a non-mathematical audience. That is the essence of Savage’s book: you cannot ignore variation. Savage does a remarkable job of communicating this idea to a non-mathematical audience.

]]> By: Daniel Lemire http://www.johndcook.com/blog/2009/08/26/mortgages-banks-and-jensens-inequality/comment-page-1/#comment-23520 Daniel Lemire Wed, 26 Aug 2009 16:10:26 +0000 http://www.johndcook.com/blog/?p=2964#comment-23520 This is nice. You cannot safely ignore higher order statistics. This is nice.

You cannot safely ignore higher order statistics.

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