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4 Students

#### What Will You Learn?

• You'll learn to apply basic statistics to your world, work, and everyday life
• You'll get new insights from behavioral economics, specifically how our mental biases can lead to misinterpreting statistics
• You'll start questioning the statistics around you

#### Requirements

• Only willingness to learn is needed to enroll in this course!

#### Curriculum

Course consist of total 3h 19min of content, in total.

##### Section 2: The Uses and Misuses of Statistics 1: Sampling
28:48
Sample Size
03:34
Dubious Definitions and Questionable Categories
04:29
If at First You Don't Succeed... Multiple Sampling
01:36
EXERCISE
11:04
Wrap-up
00:52
##### Section 3: The Uses and Misuses of Statistics 2: Descriptive Statistics
23:06
What Are Descriptive Statistics?
02:45
Beware of the Average
02:45
Beware of the Point Estimate: Donâ€™t Ignore Dispersion
04:17
Problematic Percentages
03:22
Ignoring Scale: The Base Rate Fallacy
02:21
Ignoring Context: Stats do Not Exist in a Vacuum
02:43
Units of Measurement and False Comparisons
03:24
Wrap-up
01:29
##### Section 4: Cheating Charts: How Not to be Fooled by Data Visualizations
09:34
Common Types of Charts
03:02
Audacious Axis
03:00
02:23
Wrap-up
01:09
##### Section 5: What are the Chances? The Uses and Misuses of Probability
29:21
Probability Basics
03:52
Expected Value/Loss
03:14
Black Swans and Fat Tails
02:39
Wiggle Room: The Case of the Baltimore Stockbroker
03:32
Regression to the Mean
02:48
Clustering
01:53
04:49
Introducing Reverend Bayes
05:02
Wrap-up
01:32
##### Section 6: The Uses and Misuses of Statistics 3: Inference and Regression
39:01
What are Inferential Statistics?
02:10
Linear Thinking: A Precautionary Note
02:06
Correlation Doesn't Equal Causation
03:31
Statistical Significance: A Basic Overview
05:09
Problematic Pâ€“Values
05:22
Publication Bias and the Replication Crisis
03:53
Regression Analysis: A Brief Introduction
03:54
Regression Pitfalls and Biases
04:14
Cause and Effect
07:31
Wrap-up
01:11
##### Section 7: Cognitive Bias and Statistics 1
15:00
What is Cognitive Bias?
02:32
Confirmation Bias
02:29
Conjunction Fallacy
02:02
Authority Bias
01:47
Exponentials
02:02
Framing Bias
02:35
Wrap-up
01:33
##### Section 8: Cognitive Bias and Statistics 2: Hans Rosling, Factfulness and Our Ten Instincts
36:50
Hans Rosling, Factfulness and Our Ten Instincts
01:34
Gap Instinct
05:14
Negativity Instinct
03:35
Straight Line Instinct
02:30
Fear Instinct
03:21
Size Instinct
03:18
Generalization Instinct
03:48
Destiny Instinct
02:17
Single Perspective Instinct
03:14
Blame Instinct
02:37
Urgency Instinct
03:53
Wrap-up
01:29
##### Section 9: BONUS/TASTER: The Art and Science of Prediction
03:08
Prediction and Forecasting: An Overview
03:08
##### Section 10: Conclusion, Next Steps, and Congratulations!
02:26
Conclusion, Next Steps, and Congratulations!
02:26

#### Economics for a Better World (EBW)

Economics for a Better World (EBW) is here to help you improve your understanding of the world, offering courses in a plethora of topics related to studying economics.

EBW believes that the value in studying economics doesnâ€™t come from its advanced and highly mathematical theories, but how it can improve the way you see the world, your reasoning, and decision making. In this spirit, EBW is dedicated to providing courses that are both â€˜pluralistâ€™ (learning from a range of perspectives) yet also accessible to non-economists.

Economics can help shed light on topics we all care about: individual behaviour, the role of government, inequality, the environment, and poverty to name a few. It is with this in mind that EBW was born.

Whether you want to learn something new from scratch, want to refresh your memory of something youâ€™ve learned in the past, or simply expand your horizons; youâ€™ve come to the right place.

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