S8E05 Probability and Odds: What's the Vig?

In this week's episode Patrick and Greg discuss alternative methods for latent variable scaling, a topic about which we are often taught don't make no nevermind but in actually can potentially make great nevermind. Along the way they also discuss favorite mathematicians, speed squares, drill bits, the quarter pounder, barley corns, butts and hogsheads, one Helen versus one Herbert, microcenturies, parlor tricks, being overserved, the Great Gonzo, but wait...there's less, get on with it, and hiding the body.Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this week’s episode Greg and Patrick discuss Bayes Factors: what they are, what they aren't, and how we might use them in practice. Along the way we also mention Madam Flora, Big Psychic, haters, Alaska cruises, the gift, dead grandfathers, bait and switches, owing Roy Levy a favor, doddering old frequentists, lipstick and pigs, Kimi Antonelli, accordions, elevators of blood, life choices, and the Titanic.Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this week's episode Greg and Patrick explore the fun but sometimes confusing world of probability, odds, log odds, and odds ratios, both when encountered in statistics and in every day life. Along the way they also discuss empty airplane hangars, drink carts, Qalshi, Costco hot dogs, the tush push, Quantitude International, The Blues Brothers, spelled with a Q, the vigorish, Mr. Peabody, a probability of 1.8, what the log giveth, and horse steroids. Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this week's episode Patrick and Greg have a somewhat circuitous conversation about the academic curriculum vitae across the professional lifespan: what it is, why we have it, and what kinds of things may or may not go on it. Along the way they also discuss Antiques Roadshow, Duolingo streaks, Oscar, Greg's front door, Teddy Roosevelt, sarcastic Spanish, Coors Light as a religion, the doodad drawer, riptide warning flags, flaming trash dumpsters, a middle seat on Southwest Airlines, you got two minutes, danger Will Robinson, where's Waldo, and God's most thankless task.Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this week's episode Greg and Patrick are honored to have a discussion with Paul Allison who is a sociologist and a titan in the field of quantitative methodology. Although they could talk with Paul about a dozen different topics, they narrow it down to his seminal work in longitudinal fixed effects models. Along the way they also discuss ren fairs, frilly shirts, turkey legs, drama kids, shiny beans, psychohistory, not having  command of Eigenvalues, the world's shortest abstract, Yale not liking you, the Quantitude topic spinner, cows nested in herds, people who should know better, Jack LaLanne, the three laws of robotics, and the denouement.Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this week's episode Greg and Patrick have a loosely organized discussion about metrics, including the pros and cons of raw versus standardized scales and the advantages of having multiple metrics for the same effect. Along the way they also discuss the Odyssey, Dulles airport, driving in Canada, Smitty's corpse, friends in low places, two minute warnings, He's Not Here, Carolina basketball, fixing it in post, buying firewood, Salzburg vs. Munich, 440 megahertz, Space Force, four middle schools, and get it together people. Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this first episode of Season 8, Greg and Patrick decide it is deeply unfair that the podcast has not grown popular enough for them to buy their own Quantitude jet. They thus decide to make it a true crime podcast and dedicate the episode to revisiting the crimes and punishment of Null Hypothesis Significance Testing. They plagiarize other true crime podcasts to delve into the case and determine if justice was served. Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this week's episode Greg and Patrick revisit their earlier promise of creating seven questions that will help you use your Quantitude to annoy the people you love. Having broken their promise, they are free to propose nine questions for which they seek a mnemonic device that does not include an acronym. Along the way they discuss relationship mandates, mildly inebriated brothers, hypoxic voice memos, fish vs. ice cubes, Smitty's corpse, talking to houseplants, statistical baggage, Henry V, Pascal's wager, My Very Educated Mother, massaging cryptids, making mischief, being cruciferous, Peter and Gary, pneumatic devices, and so that happened. Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this week's episode Patrick and Greg talk about creating collectible trading cards for some of our favorite philosophers of science and the impact each has had on how we think about the practice of research. Along the way, they also discuss goose mating calls, collapsed sinuses, Riverdance!, Comfortably Numb, Pikachu and Jigglypuff, the back of Andrea Howard’s car, pseudoscience, ad hoc immunizing maneuvers, Well duh, reading Greek or eating paste, leeches and trephining, young Turks, Bart Simpson, frictionless vacuums, Hungarian homeboy, middle kids, protective belts, zone coverage, crossing the bar, V1, and pissing people off. Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com

In this In the Wild episode, Patrick and Greg conclude their unexpected cluster of college-themed conversations by turning their Quantitude loose on the ultimate question: is college worth it. In particular, they discuss how the multi-layered, individualized, and ever-changing nature of a college education make this question especially tricky to answer. Stay in contact with Quantitude!Web page: quantitudepod.orgTwitterX: @quantitudepodYouTube: @quantitudepodMerch: redbubble.com