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Monthly Archives: July 2015

WEALTH INEQUALITY AND SKIN IN THE GAME

WEALTH INEQUALITY AND SKIN IN THE GAME A well functioning society isn’t one in which people are equal but one in which people have equal *probability*. So measuring static inequality is severely flawed. Take the United States. Less than 10% of the people in the 1982 list of richest 500 were there in 2012. Compare […]

OUR PRECAUTIONARY PRINCIPLE

OUR PRECAUTIONARY PRINCIPLE The anti-GMO crowd got very excited that a pro-GMO activist who just graduated with a math PhD “attacked” our paper. It is the first comment by a “mathematician” which seems to be a big deal. Let us discuss here. Please ignore the technical in my answer. https://dl.dropboxusercontent.com/u/50282823/response.pdf via: Facebook

SUPERSTITIONS AS RISK MANAGEMENT, A PROJECT

SUPERSTITIONS AS RISK MANAGEMENT, A PROJECT We can look at supersitions as x% useless and 1-x % with survival benefits, except that it is hard to know beforehand what is useless and what is not, what is “irrational” and what has a hidden implicit rationality that helps navigate opaque systems. But it suffices that a […]

Everything you learn in school contradicts Avot

Everything you learn in school contradicts Avot (Abuoth) 1.10: “Love what you do, avoid high ranking positions, and do not get too close to the powerful”. — Also: “Torah learning is best combined with a worldly occupation, because the effort of both will keep one from sin. Study alone without work will in the end […]

SKIN IN THE GAME and OUR FRAUD DETECTOR

SKIN IN THE GAME and OUR FRAUD DETECTOR + Have you ever wondered why people are upset by CEO compensation, sometimes >200x that of the average employee, but not if an entrepreneur makes the same amount of money; nor are they upset with singers, authors, or performers? + The economist Thomas Sowell found this an […]