Episode 309: Liabilities, Rights, the Commerce Clause, and Significance
Words & Numbers
00:00
The Difference Between Statistical Significance and Economic Significancy
Tom Savage asks, explain the difference between statistical significance and economic significance. For example, providing health insurance has a statistically significant positive effect on physical health but that is not a sufficient reason for having nationalized health insurance. When we talk about economic significance, we typically mean significance that's felt.
Play episode from 28:21
Transcript
