Apologies for the Upworthy-like title, but it’s true. Thanks to Justin Wolfers for this one.
Courtesy of Cyanide and Happiness:
This past week, the University of Puget Sound became the first University to accept an alumnus gift via Bitcoin, according to the Seattle Times. Here’s a primer on Bitcoin from Puget Sound senior Emily Neville. Despite this growing prevalence of Bitcoin, some alternative currencies out there may have the ability to supplant Bitcoin. HT to […]
One for my Intro students today, as a follow up to recent class discussions on world poverty. Miles Kimball shares one of his students’ posts on the optimistic side of addressing world poverty – that in context, we’ve actually made quite a bit of progress: Here’s Jessica’s money quote: […] [P]eople tend to focus on […]
How does language influence logic? In Gilboa’s canonical Theory of Decision Under Uncertainty, he describes the challenges to the theory of induction, which is a cornerstone of the “frequentist” approach to handling probabilities. The concept of induction is this: Suppose you want to determine the chance of an event occurring (say, the chance of a coin […]
I’ve always enjoyed this series of videos – short and funny:
Major shoutout to Noah for making sense of the question: Does cutting government make it more efficient? His thought exercise: Let’s imagine a slightly more concrete example. Suppose that there are three types of government units: A) Parasites: These units have figured out how to game the political process in order to make themselves quite […]