Data Science

Statistical Modeling The Two Cultures

DSA ADS Course, 2022

Statistical Analysis, Data Interpretation, Causal Analysis, Causality, Data Fusion, Missing Data, Counterfactuals

Discuss the two cultures of statistical modeling according to Leo Breiman in light of recent advances in machine learning and causal inference and the separation between the data-fitting and data-interpretation components of statistical modeling.

The Curse of Free-Will and the Paradox of Inevitable Regret

2013

Abstract

The paradox described below aims to clarify the principles by which empirical data are harnessed to guide decision making. It is motivated by the practical question of whether empirical assessments of the effect of treatment on the treated (ETT) can be useful for either policy evaluation or personal decisions.

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