A Quote by Lars Peter Hansen
I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.
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Economics in college was very poor; I was not very impressed with it. I actually wanted to study statistics. I discovered mathematical statistics as an undergraduate and was fascinated with it.
There has been this - and it's reflected in the broadcasts - this moronic use of statistics. Which has suggested to everyone who is intelligent the use of statistics is moronic.
I view the work I've done related to statistics and economics as, roughly speaking, how to do something without having to do everything.
Today's national income statistics make it appear that Goldman Sachs is productive. As if Donald Trump plays a productive role. The aim is to make it appear that people who take money from the rest of the economy without working are productive, despite not really providing any service that actually contributes to GDP and economic growth.
Economic and health statistics, as well as police-violence statistics, shed light on the pressures on American Indian communities and individuals: Indian youths have the highest suicide rate of any United States ethnic group.
I have a theory of statistics: if you can double them or halve them and they still work, they are really good statistics.
I do not ... reject the use of statistics in medicine, but I condemn not trying to get beyond them and believing in statistics as the foundation of medical science. ... Statistics ... apply only to cases in which the cause of the facts observed is still [uncertain or] indeterminate. ... There will always be some indeterminism ... in all the sciences, and more in medicine than in any other. But man's intellectual conquest consists in lessening and driving back indeterminism in proportion as he gains ground for determinism by the help of the experimental method.
As soon as the circumstances of an experiment are well known, we stop gathering statistics. ... The effect will occur always without exception, because the cause of the phenomena is accurately defined. Only when a phenomenon includes conditions as yet undefined,Only when a phenomenon includes conditions as yet undefined, can we compile statistics. ... we must learn therefore that we compile statistics only when we cannot possibly help it; for in my opinion, statistics can never yield scientific truth.
I know my statistics have not been the same as in other years but I'm fighting to get back to those statistics.
[Statistics] The science that can prove everything except the usefulness of statistics.
Don't let the fear of statistics keep you from launching a continual improvement program. The statistics hurdle is easily overcome, going out of business is not.
It has long been recognized by public men of all kinds. . . that statistics come under the head of lying, and that no lie is so false or inconclusive as that which is based on statistics.
Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance.
Data-driven statistics has the danger of isolating statistics from the rest of the scientific and mathematical communities by not allowing valuable cross-pollination of ideas from other fields.
I live by statistics, so if look at U.S. Census statistics regarding families making over $100,000 dollars a year, 93% of them have broadband internet at home.
We lisp in numbers, in the U.S. We are deluged by ample, often mysterious statistics. ... Like many in this country, I have come to regard statistics with doubt and merely as a hint of the probable shape of fact.
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