Type II Errors

Significance testing at 0.05 means you will get an erroneous false-positive 1 times out of 20. xkcd exhibits:

Majoring in “Universe”

…in today’s xkcd–amusing as always. Since I originate from both backgrounds (computers, economics & comparative politics) I should know a little more. Problem is, the Europeans don’t name failed summits. Maastricht Treaty gets a name because it was very successful. Nevertheless, my best try: Every other EU summit on establishing a European Union constitution in […]