A historical collection of our writing.
Senator Elizabeth Warren yesterday proposed a wealth tax. It is a way of dealing with the rising inequality issue that I also discuss in World After Capital. I propose a longer term way of getting to a similar place via demurrage, but I am supportive of a wealth tax. I believe it will have to […] Read more (opens Continuations in a new tab)
Last Uncertainty Wednesday, I wrote about how sample correlations are not meaningful under fat tails. Today I want to continue this line of argument in the specific context of the claimed relationship between country IQ and GDP. There is strong evidence that the distribution of GDP growth rates is […] Read more (opens Continuations in a new tab)
NOTE: I will resume posting excerpts from World After Capital next week. A couple of weeks ago I first tweeted about what gives people reasons for optimism and then wrote a post. Both of these were preparations for giving the opening keynote for the 2019 DLD conference. I will eventually put the […] Read more (opens Continuations in a new tab)
Today’s Uncertainty Wednesday revisits a favorite topic of mine: correlation. I first wrote about the importance of thinking about correlation in modeling over 10 years ago, long before starting the Uncertainty Wednesday series (the reference to Excel is a giveaway). I then had a three part series […] Read more (opens Continuations in a new tab)
NOTE: Today’s excerpt from World After Capital continues the topic of Informational Freedom, discussing overreach in the patent system and offering prizes as an alternative mechanism. This is timely as the patent office has unfortunately issued new rules that will make it easier to obtain software […] Read more (opens Continuations in a new tab)
What does it mean to trust someone? Usually, that person (or company, or technology) can take actions that share a bunch of characteristics: the action has a material impact on us, we cannot directly observe the action or judge its consequences relative to alternatives at least until later, and we […] Read more (opens Continuations in a new tab)
