Multiple Comparisons Bias

One of the main differences I would say between non-statistical and a statistical framework for thinking about the world is that a lot of statistics is an effort to quantify certainty. And so when you are looking at some event or some piece of data You're trying to decide, you know, whether some other thing is true Whether this data is Significantwhether it reflects some overall trend. Every time you look at that data, you're making a test you're saying, should I trade or should I not trade? There's a chance that there's a false positive, right? It could be something maybe the data Just popped up happened to look like the pattern you're looking for. Because your test