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Uncertainty Wednesday: Beliefs (Part 3)
Albert Wenger – May 9, 2018
Today’s Uncertainty Wednesday is a quick wrap up to the formalization of beliefs as probability distributions. Let’s first start with a simple question. What probability distribution reflects the least knowledge about a coin? How do you express “I don’t know, [...] Read more
World After Capital: Getting Past Capital
Albert Wenger – May 7, 2018
NOTE: Today’s excerpt from my book World After Capital deals with how we have achieved the sufficiency of physical capital. This is capitalisms greatest accomplishment, but also means that we are now facing a new scarcity: attention. The title of [...] Read more
Skin in the Game by Nassim Taleb (Book Review)
Albert Wenger – May 4, 2018
I recently finished Nassim Taleb’s latest book “Skin in the Game.” Much like Antifragile previously, I highly recommend reading it. The subtitle of the book is “Hidden Asymmetries in Daily Life” and while I am not a fan of the [...] Read more
Uncertainty Wednesday: Beliefs (Cont’d)
Albert Wenger – May 2, 2018
Last Uncertainty Wednesday, I introduced the idea of beliefs. Today we will make this idea more precise. We started with an extreme belief, the one that a coin is so biased that we will only observe “heads” (H). More realistically [...] Read more
World After Capital: Getting Past Capital (Overview, Population)
Albert Wenger – Apr 30, 2018
NOTE: As every Monday, I am continuing to post excerpts from my book World After Capital. Today, starts Part Two of the book, which is title “Getting Past Capital” with an overview and a section on population growth dynamics. Digital [...] Read more
Trump, Irrationality and Game Theory
Albert Wenger – Apr 27, 2018
I have been openly critical of Trump as a president going back to before the election. While I want radical change I do not believe the price for this ought to be going backwards on foundational issues such as the [...] Read more
Uncertainty Wednesday: Beliefs
Albert Wenger – Apr 25, 2018
The last few weeks in Uncertainty Wednesday we took a detailed look at the various problems with p-values. Now we will start to work towards an alternative approach based on Bayesian inference. Along the way though we have a chance [...] Read more
World After Capital: Laying a Foundation (Needs)
Albert Wenger – Apr 23, 2018
NOTE: This is the last post for the foundations section from my book World After Capital. In it I propose a catalog of basic human needs. As set out earlier much of today’s confusion around scarcity results from our willful [...] Read more
An Alternative to Mandatory APIs: Let Me “Hack Myself”
Albert Wenger – Apr 20, 2018
I recently wrote a post about requiring APIs for social and other applications that have more then 1 million users. Now that is an approach to the problem of market power that adds new regulations. There is an alternative that [...] Read more