“We will stimulate people who normally would not go into healthcare, brilliant young mathematicians, engineering, and analytical types.”
Richard Merkin, who is offering a $3 Million Prize to Solve a Hospital Admissions Puzzle. The goal is to figure out which patients will require unplanned hospital admissions based on real data. (via @timoreilly)
“Experts in the math of probability and statistics are well aware of these problems and have for decades expressed concern about them in major journals. Over the years, hundreds of published papers have warned that science’s love affair with statistics has spawned countless illegitimate findings. In fact, if you believe what you read in the scientific literature, you shouldn’t believe what you read in the scientific literature.”
Tom Siegfried: Odds Are, It’s Wrong