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.
Related Episodes
- S5E24: Zombie Wheel of Distributions
- S5E18: Probability on Spring Break
- S3E17: Logistic Regression: 2 Logit 2 Quit
- S2E27: (re)Connecting With Discrete Data
Recommended Readings
Andrade, C. (2015). Understanding Relative Risk, Odds Ratio, and Related Terms. J Clin Psychiatry, 76(7), e857-e861.
Bertsekas, D., & Tsitsiklis, J. N. (2008). Introduction to probability (Vol. 1). Athena Scientific.
Dekking, F. M. (2005). A Modern Introduction to Probability and Statistics: Understanding why and how. Springer Science & Business Media.
McCullagh, P., & Nelder, J. A. (2019). Generalized linear models. Routledge.
McKenzie, D. P., & Thomas, C. (2020). Relative risks and odds ratios: Simple rules on when and how to use them. European Journal of Clinical Investigation, 50(8), e13249.
Szumilas, M. (2010). Explaining odds ratios. Journal of the Canadian academy of child and adolescent psychiatry, 19(3), 227.