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Archive for the ‘Economics’ Category

Top Six Biases

August 11th, 2018 Comments off

The six most damaging biases:

  • confirmation bias
  • fundamental attribution error ( to interpret others’ behaviors as having hostile intent),
  • the bias blind spot (the feeling that one is less biased than the average person),
  • the anchoring effect (to rely too heavily, or “anchor”, on one trait or piece of information),
  • the representativeness heuristic (judging probabilities on the basis of resemblance),
  • projection bias (the assumption that everybody else’s thinking is the same as one’s own).
Categories: Economics, Humanism, Mind, Uncategorized Tags:

Chyrons and Attention

July 29th, 2017 Comments off

Why would any news channel run chyrons  during their broadcasts?

Chyrons are those annoying streaming banners at the bottom of your screen.  They seem to be feeding you the lastet headlines, mixed in with advertisements for the site’s reatured programs.

This is misguided.  It is well known that no one can pay attention to two things a once. (The best you can do is to switch attention from one thing to another and back, very fast.) So, the chyron simply distracts your attention from the actual news that is being presented, and you never get the message.

Categories: Economics, Mind, Uncategorized Tags:

Ranked-Choice Voting

December 13th, 2016 Comments off

Ranked-choice voting (RCV) means the voter votes for candidates in order of preference.  If there is no clear majority winner, the lowest-ranked nominee is eliminated, and their votes assigned to those voters’ next-highest=ranked candidate, until there is a clear majority winner.

This may not be great for general elections; it is easily used to oust a sitting party for momentary purposes.

But it would be great for primaries!  It would not throw the baby out with the bathwater, if poles were taken more often, giving voters a chance to express their preference without committing to a sudden change in government.

Single-issue candidates, though they may not be eventual winners, would be promoted as champions of their cause, and the other candidates would see the swell of support for that cause.

Categories: Economics, politicas Tags:

Financial Strip-Mining

March 7th, 2016 Comments off

The “pro-business” model of capitalism is broken — and getting worse, author and activist Les Leopold tells Salon

Categories: Economics, politicas, Uncategorized Tags:

Fracking and Baysean Calculator

August 11th, 2015 Comments off

Well, we can use the Bayes Probability Theorem to figure out how likely is is that fracking will pollute our water supply.

Suppose the probability of fracking polluting the water supply in any one spot–say, within 500 yards of the fracking site–is originally estimated, before any evidence of pollution has been found, to be only 0.5%.

Now an event happens, such as the real event: water coming from a tap in a house, which draws its water from a well, starts to ignite when an open flame is brought near it.

What are the chances that the fracking caused the pollution?  We can estimate that there is about a 40% chance that fracking is the cause.  We can also posit that, without the fracking, natural causes might cause the water to become polluted; but it’s very rarely that a water supply spontaneously becomes flammable, so let’s put that possibility at 0.05%.

Plugging these values in to the Bayesean Theorem; x=.5, y=50%, z=0.05%

Bayesean Theorem:  P = xy / xy + z(1-x)

Solving for P :  There is a 83% chance that fracking will pollute the water supply.

That is not a trivial possibility.

You can play with these figures, using my Bayesean Calculator.  In any case, you will not find the possibility of pollution from fracking to be anything but frightening.

Hey, nothing wrong with that, right?

Categories: Economics, politicas, Uncategorized Tags:

Cause for Scepticism

August 25th, 2014 Comments off

One thing is that we are from a generation that was lied to so often, so thouroughly, that it is nearly impossible to blithely accept what scientists are saying.  Scientists are presented as authorities, and the authorities have led us astray so often that we are “fact-shy,” like horses, brushing facts from our eyes.

It was scientists and doctors who were telling us that sure, go ahead and smoke tobacco, it’s good for you, even help dry out overly-moist lungs.  It was scientists telling us of the wonders of leaded gasoline.  Science that told us that nuclear power plants were clean and perfectly safe, don’t worry your little heads.  Experts it was who told us we had to stop communism’s domino-like domination of the world.

Experts told us of the quick in-and-out victory in Iraq, and experts who let Afghanistan’s battle stagnate.  Experts who told us the economy could only expand, and the market would have no limit and could now never collapse.

So when now, “experts” scientists or not tell us that GMO foods cannot possibly harm us, are surely perfectly safe—any wonder there is scepticism?

Categories: Economics, food, Uncategorized Tags:

An unknown statistic

August 21st, 2014 Comments off

 

http://www.vox.com/2014/8/21/6053811/white-on-white-murder

Back in 2011, the most recent year for which data is available, a staggering 83 percent of white murder victims were killed by fellow Caucasians.

This is not to say that white people are inherently prone to violence. Most whites, obviously, manage to get through life without murdering anyone. And there are many countries full of white people — Norway, Iceland, France, Denmark, New Zealand, and the United Kingdom — where white people murder each other at a much lower rate than you see here in the United States. On the other hand, although people often see criminal behavior as a symptom of poverty, the quantity of murder committed by white people specifically in the United States casts some doubt on this. Per capita GDP is considerably higher here than in France — and the white population in America is considerably richer than the national average — and yet we have more white murderers.

Categories: Economics, Uncategorized Tags:

Long-Time Social Evolution

April 14th, 2014 Comments off

Human beings, Homo Sapiens Sapiens, has been around for some 200,000 years now. But we (assuming you are human, as am I) didn’t just spring up from nowhere. The precursor to Homo Sapiens was Homo Eructus–specifically, the south-east African branch called Homo Ergaster, or Homo Rodesiensis. We are told the story of how humans came into the world from out of Africa some 150,000 years ago. But when we did leave Africa, we found that there were already out in the world other species, all very much like us, and all descendents our our common ancestor Erectus: Homo Neanderthalis, Heidelbergensis, Atecessor, Denisovan…spread all over the Eurasian continent. Humans lived beside, fought against, and sometimes mated with these other groups, and eventurally humans out-survived them.

All this time, we humans were forming families, grouping ourselves into tribes, co-operating in hunting groups, foraging together, and also fighting amongt ourselves. In short, we were engaging in the formation of societies.  Just as humans evolved over these years–developing lactose toleration, adding to or subtracting from the melanin in our skin, getting taller or shorter–so also our societies were evolving.

Is it any wonder, then, that we cannot, within one generation or less, move ourselves away from the stultifying bifurcation in our political (social) thought between conservative and liberal?

Categories: Economics, Humanism, Language, Uncategorized Tags:

Why Do People Vote Republican?

March 19th, 2014 Comments off

Jonathan Haidt, Edge magazine September 2008,”WHAT MAKES PEOPLE VOTE REPUBLICAN”:

What makes people vote Republican? Why in particular do working class and rural Americans usually vote for pro-business Republicans when their economic interests would seem better served by Democratic policies? We psychologists have been examining the origins of ideology ever since Hitler sent us Germany’s best psychologists, and we long ago reported that strict parenting and a variety of personal insecurities work together to turn people against liberalism, diversity, and progress. But now that we can map the brains, genes, and unconscious attitudes of conservatives, we have refined our diagnosis: conservatism is a partially heritable personality trait that predisposes some people to be cognitively inflexible, fond of hierarchy, and inordinately afraid of uncertainty, change, and death. People vote Republican because Republicans offer “moral clarity”—a simple vision of good and evil that activates deep seated fears in much of the electorate. Democrats, in contrast, appeal to reason with their long-winded explorations of policy options for a complex world.

Categories: Economics, politicas, Uncategorized Tags:

Charles Stross Scores on Libertarianism

December 20th, 2013 Comments off

Charlie Stross, quoted in Hullabaloo:

I tend to take the stance that Libertarianism is like Leninism: a fascinating, internally consistent political theory with some good underlying points that, regrettably, makes prescriptions about how to run human society that can only work if we replace real messy human beings with frictionless spherical humanoids of uniform density (because it relies on simplifying assumptions about human behaviour which are unfortunately wrong).

Categories: Economics, politicas, Uncategorized Tags: