Survivor Bias on the Gridiron
The concept of survivor bias, if you don’t know it, is well worth being aware of. It’s most often used in finance, where it refers to a “tendency for failed companies to be excluded from performance studies” (thanks, Wikipedia). Think of the Dow Jones Industrial Average, which indexes the stock prices of 30 of the largest and most important U.S. companies – until, that is, one of said companies does so poorly that it is booted from the index and is replaced by a company that’s doing better. Read More »
Recession Kids
We recently blogged about how recessions might affect the mentality of people growing up in them. American Public Media’s Marketplace recently hosted a “Small Town Hall,” where kids were asked questions like “Should kids be allowed to have credit cards?” and “Has the recession changed your dreams?” Read More »
If Everyone Could Trim a Beard …
A headline in our local paper screams: “Barbers, Cosmetologists in Turf War Over Shaving.” The question is where sideburns end and beards begin. Read More »
A Predictably Irrational Fashion Week
Dressed in a red silk robe, Dan Ariely commemorates New York’s fashion week by trying on designer sunglasses while answering the eternal question: Does wearing Prada knockoffs make you evil? Read More »
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