As a follow up to my last post, here is a piece by Declan Gaffney in the Staggers satirizing the low standards of intellectual integrity that appear to be SOP at one British "think-tank".
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Mistakes in financial economics
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I feel like this is almost deliberately missing the point. My median
expectation is that AI boosts the economy enormously, so shorting things
would be a ...
8 hours ago
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We mention the very same thinktank in a recent submitted manuscript...
Fugard, A. J. B., Stapley, E. J., Ford, T., Law, D., Wolpert, M. & York, A. (submitted 3rd May 2013). League tables of mental health service outcomes are harmful: a substantive and statistical alternative.
"A plot of ranks (without confidence intervals) is used by the Centre for Social Justice, a British think tank, to illustrate differences in clinicians’ recovery rates.17 They use this to argue in favour of a “Darwinian” approach for clinician selection such that, “only effective therapists would ‘survive’ as suppliers” (p. 35). We have shown that there is often uncertainty in the estimates of outcomes which in turn has an impact of the precision of rank estimates, so any such “Darwinian” approach would mostly be driven by chance."
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