Sample Size Matters

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The Fink Tank

Cam and Col Fink

104 episodes

5 days ago

A podcast for people dealing with the weirdness of running their own small business. Brothers Cam and Col Fink chat about work, life, and the confounding idiocy of themselves and others. They've been brothers for 45 years. You get to pick who's older. Col helps people run successful small practices, and is an expert public speaker and trainer. Cam is an event producer and freelance videographer, and loves helping people bring their best selves to video.

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All content for The Fink Tank is the property of Cam and Col Fink and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Careers

Business

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Sample Size Matters

The Fink Tank

5 minutes 12 seconds

4 months ago

Sample Size Matters

One 2003 ski trip. 50 mates.

Plenty of dickheadery.

And a warning about forming strong opinions from weak evidence.

In this episode of The Fink Tank, Col and I talk about the beautiful human habit of overthinking the anecdote and underthinking the maths.

About how we love to build worldviews from tiny, noisy data points, and then swear they’re true. Humans are notoriously poor at assessing probability, sample size, and causation. Where your business is concerned, this is probably costing you.

What can we do about it?

I loved revisiting this old footage which is somehow TWENTY TWO YEARS OLD. This episode is actually two years old itself! A 9 minute version was sitting unused in the folder for season 1. So I gave it a trim and added the ski trip footage.

We haven’t changed a bit.