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Bayesian

Bayes and Deadweight: Using Statistics to Eject the Deadweight From Your Life

The quality of your life will, to a large extent, be decided by whom you elect to spend your time with. Supportive, caring, and funny are great attributes in friends and lovers. Unceasingly negative …

Continue readingBayes and Deadweight: Using Statistics to Eject the Deadweight From Your Life

Gaming the System

Some college students used game theory to get an A by exploiting a loophole in the grading curve. Catherine Rampell explains: In several computer science courses at Johns Hopkins University, the …

Continue readingGaming the System

Blindness to the Benefits of Ambiguity

“Decision makers,” write Stefan Trautmann and Richard Zeckhauser in their paper Blindness to the Benefits of Ambiguity, “often prove to be blind to the learning opportunities offered …

Continue readingBlindness to the Benefits of Ambiguity

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