Book Chapter10.4337/9781800886315.00014
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Stephen Morse
- 13 Oct 2023
TL;DR: The book explores the statistical necessity of ranking nations based on various factors, including human development, environmental performance and corruption.
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Abstract: This engaging book assesses the statistical need for using particular ranking systems to compare the status of nations. With an overarching focus on human development, environmental performance and corruption, it carefully maps out some of the main processes associated with the ranking of countries.
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TL;DR: In Nudge as discussed by the authors, Thaler and Sunstein argue that human beings are susceptible to various biases that can lead us to blunder and make bad decisions involving education, personal finance, health care, mortgages and credit cards, the family, and even the planet itself.
A caution regarding rules of thumb for variance inflation factors.
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