Why Social Media is a Sucker for Bad Reporting

By Henry Oliner “A lie gets halfway around the world before the truth has a chance to get its pants on.” Winston Churchill While attributed to Churchill this quote has a history before his time, but imagine how today’s social media magnifies this axiom. The New York...

Pseudo Science

from Making It All Up by Andrew Ferguson at The Weekly Standard Behind the people being experimented upon are the people doing the experimenting, the behavioral scientists themselves. In important ways they are remarkably monochromatic. We don’t need to belabor the...

Cherry-picking CEO Data

Economist Mark Perry writes in Carpe Diem When we consider all US CEOs and all US workers, the ‘CEO-to-worker pay ratio’ falls from 331:1 to below 4:1 Excerpts: The AFL-CIO is comparing: a) the average salary of a small sample (350) of the highest paid US CEOs, out of...

Risk and Principle

In a world of uncertainty it is more important to know the odds than to know the facts. In a business bet, if you have a thirty percent chance of winning one hundred dollars or a seventy percent chance of winning forty dollars (with return of principal guaranteed) the...