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minimalizing type I December 27, 2007

Posted by ocmpoma in : economics, society , trackback

Whilst discussing EU policy on genetically modified food — specifically, corn — EconoSpeak’s Peter Dorman discusses what it is, and why it matters, to do science:

“This single-minded insistence on avoiding Type I error is the reason why science is the one truly progressive human activity. Today’s science is better than yesterday’s, and tomorrow’s will be better than today. You can’t say this about poetry or politics.”

Not sure if I agree with what he says about economics, but I’m still a novice, so time will tell.

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