Category Archives: Uncategorized

Guide to Statistics in a Mis-Leading Age: Tim Harford

Great insights from Tim Harford in the UK Financial Times: “The best financial advice for most people would fit on an index card.” That’s the gist of an offhand comment in 2013 by Harold Pollack, a professor at the University … Continue reading

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The Banality of Trump

Hannah Arendt observing the architect of the Holocaust Adolf Eichmann on trial in Jerusalem coined the phrase “the banality of evil”. Watching Trump, I think “the evil of banality”… Memo: Definition of Banality: “the fact or condition of being banal, … Continue reading

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The Great Gatsby Curve: Inequality and Social Mobility by Country

An interesting graphic from Bloomberg Business Week:

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In Memory of Kenneth Arrow (1921-2017)

The great American economist Kenneth Arrow, whose work has often been misused, died last month. A great modeler, yes, but also an economist who never forgot on what assumptions the models were based. One of his deeper insights: “A democratic … Continue reading

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Zen Koan for the Real Populists not the Plutocracy’s Puppet Populists

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Darwin’s Golden Rule

I really like this approach, by the great author of the Theory of Evolution Charles Darwin (1809-1892), for overcoming Confirmation Bias, our tendency to cherry pick data or information that supports our pre-existing ideas and prejudices and ignore or conveniently … Continue reading

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Troubling Warnings from the 1930s by Edward Luce

Great though dark piece in today’s UK Financial Times by Edward Luce “When people strike comparisons with Hitler — or Munich — I usually reach for my earplugs. The same applies to the Great Depression. There is nothing on today’s … Continue reading

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