An algorithm must be seen to be believed.
Donald Ervin KnuthTag: technology computer-science engineering algorithms
An algorithm is like a recipe.
Waseem LatifTag: programmer algorithms coder
Dawes observed that the complex statistical algorithm adds little or no value. One can do just as well by selecting a set of scores that have some validity for predicting the outcome and adjusting the values to make them comparable (by using standard scores or ranks). A formula that combines these predictors with equal weights is likely to be just as accurate in predicting new cases as the multiple-regression formula that was optimal in the original sample. More recent research went further: formulas that assign equal weights to all the predictors are often superior, because they are not affected by accidents of sampling.
Daniel KahnemanTag: simplicity statistics algorithms
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