A historical collection of our writing.
In my draft book World After Capital, I write that humans having knowledge is what makes us distinctly human and gives us great power (and hence great responsibility). I define knowledge in this context as science, philosophy, art, music, etc. that’s recorded in a medium so that it can be shared […] Read more (opens Continuations in a new tab)
Last Uncertainty Wednesday, I introduced Jensen’s Inequality. I mentioned briefly that it explains a lot of things and today we will look at the first one of these, which goes by the name of risk aversion. This is simply economists way of saying that most people prefer a smaller guaranteed payment […] Read more (opens Continuations in a new tab)
In my draft book World After Capital, I write about how digital technology has given us the possibility to leave the Industrial Age behind and enter the Knowledge Age. In an early chapter on Optimism, I argue against economic, historical and technological determinism. These are all theories in […] Read more (opens Continuations in a new tab)
Last week in Uncertainty Wednesday, I introduced functions of random variables as the third level in measuring uncertainty. Today I will introduce a beautiful result known as Jensen’s inequality. Let me start by stating the inequality: f[EV(X)] ≤ EV[f(X)] where f is a convex function In words, if […] Read more (opens Continuations in a new tab)
In my draft book “World After Capital” I have a section on the need for increased “Informational Freedom.” There I write: As well as: Virtual Private Networks (or VPNs) are a way for citizens to circumvent these artificial restrictions imposed by governments and by ISPs. That’s why it is dismaying […] Read more (opens Continuations in a new tab)
There is lots wrong with the healthcare and health insurance system in the US. One can also have a rational debate of the pros and cons of the Affordable Care Act and how we might proceed from here. What should not happen, however, is pushing through poorly thought through measures just for the […] Read more (opens Continuations in a new tab)
