When numbers don't tell the full story

The video discusses the advocacy for smaller schools and the law of large numbers, highlighting how smaller populations can lead to extreme outcomes. It warns against misinterpreting percentages, especially when negative values are involved, using examples from politics and business. Simpson's Paradox is explained through sports and medical treatment scenarios, showing how data can be misleading. Finally, survivorship bias is illustrated with historical examples, emphasizing the importance of proper data analysis.

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