Tag Archives: reasoning

1. Use mathematics as a shorthand language rather than as an engine of inquiry 2. Keep to them [your models/problems] till you have them done 3. Translate to english 4. Illustrate with examples important to real life 5. Burn the … Continue reading

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BBC Business Daily – interview with Arthur Laffer

In other news, Art Laffer has become a parody of himself. Deliberately misrepresenting the flat tax. Making it sound like 12% is a tax cut for most Americans, when in fact the effective tax rate for everyone making under $100k … Continue reading

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@UnlearningEcon lamented the deviations-from-Pangloss framing of neoclassical economics. Normal economic theories take perfection (optimality) as a starting point and ask how real-world “market imperfections” differ from the putative abstract-free-market ideal. (That “the free market” is an abstract ideal can be verified … Continue reading

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Opportunity is fleeting. Experience is fallacious. Judgment is difficult. Hippocrates

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At the local viewing of the transit of Venus, I asked an astronomer named Lisa how people noticed a planet going in front of the Sun in the first place. (Surely they weren’t just staring at the sun all day?) … Continue reading

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Lawrence Krauss, author of A Universe from Nothing lecturing on cosmology. Don’t really agree with or like his monolithic straw-man representation of “religion” versus “science” at minute 6. “Religion pretends to know all the answers” . Sub-i, sub-j, larry. There are many … Continue reading

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I Need A Speech Bubble To Appear Over My Head When I Talk So I Can Diagram the Bayesian Uncertainty In My Statements

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Oral people lacked the categories that become second nature even to illiterate individuals in literate cultures: for example, for geometrical shapes…. [The illiterate cultures of remote Uzbekistan and Kyrgyzstan in the 1930’s] could not, or would not, accept logical syllogisms. … Continue reading

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The actual science of logic is conversant at present only with things either certain, impossible, or entirely doubtful, none of which (fortunately) we have to reason on. Therefore the true logic for this world is the calculus of Probabilities, which … Continue reading

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Cost-Benefit Analysis

When faced with a choice, cost-benefit analysis asks: What are the possible outcomes? Who benefits and who is harmed in each of these outcomes? How much is the benefit or harm in each case?(Sometimes the harm might be multi-dimensional — … Continue reading

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