Nice video about Stein's paradox.
This video gives an intuitive explanation why the James-Stein estimator dominates the sample average when the dimension is sufficiently large (greater than 2). Click the image to watch! Special thanks to Alexander, who shared this video with me.
Alberto Bordino
PhD Student in Statistics at Warwick University
My research interests include Stastistical Machine Learning, Nonparametric Statistics and Empirical Process Theory.