Column: Looming European energy crisis: A lesson in averages that won’t soon be forgotten
September 21, 20216:25 AM Terry Etam5 Comments
I’m not sure about you, but the last thing I want to talk about is elections. When I think of how much of my precious time has been wasted hearing about politics in the last year, I want to puke. No more from pollsters, talking heads, or statisticians.
Well, maybe I’d like to talk about statisticians, as in the old joke about the one that drowned because he forded a river that was only three feet deep, on average. See, isn’t that better than politics already? However, as funny as a drowned statistician may be, there is a serious side to the problem with relying on averages. You really can die, for starters.
Before getting back to death and/or politics again (redundancy, I know), let’s think about the use of averages. A car may be designed for the average – one doesn’t find the tallest person on earth and design an interior to accommodate them. The exceptions get to either bang their shins or dangle their feet, but that’s the way it has to be.
In other areas, it can’t work that way. Do you insulate your house for average conditions? No, of course not. Do you install an air conditioner for average conditions? Same. And on it goes. When the risk of harm goes up, we design for the extremes, not the averages. Or we should.
https://boereport.com/2021/09/21/column-looming-european-energy-crisis-a-lesson-in-averages-that-wont-soon-be-forgotten/
