Monthly Archives: March 2014

Virtual Economies

Via Dorkly, a great look at the economics of online gaming, including the unique features and challenges faced by developers, gamers, and regulators alike. Advertisements

Risks and Health

HT to Barry Ritholtz for sharing this video on how we (fail to) understand risk in the context of health care policy. It includes a great example of why requiring child seats on planes is inefficient, and what diseases are real killers in the United States.

What makes success?

I’ve spent my share of time considering what goes into being “successful” – however that term may wish to be interpreted (career success, success in relationships, success in sports, etc.). Most of us can admit that success is the result of some parts skill and some parts luck. But at what proportion do luck and […]


Borrowing a well-known problem from Leonard Mlodinow’s The Drunkard’s Walk: Suppose a mother is carrying fraternal twins and wants to know the odds of having two girls, a boy and a girl, and so on. […]  What are the chances she will have at least one girl? Given the odds of having a boy are equal […]

The best visualization of conditional probability you’ll ever see

Apologies for the Upworthy-like title, but it’s true. Thanks to Justin Wolfers for this one.

Currency Humor of the Week

Courtesy of Cyanide and Happiness: