Posts tagged as:

chance

The subtleties of randomness

July 7, 2009

The WSJ has printed one of the best "fooled by randomness" pieces I've seen in quite a while, titled "The Triumph of the Random." This one uses streaks in sports as a central metaphor, with DiMaggio's 56-game hitting streak as exhibit A. It presents an immediate disclaimer: Recent academic studies have questioned whether DiMaggio’s streak […]

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A casualty of chance

April 20, 2009

I discovered this Atlantic article ("Why I Fired My Broker") on MB's blog.  I came to enjoy it in the end, but while I was reading it I was struck by how representative it is of contemporary financial journalism.  This is the new cookie cutter article: naive reporter is encouraged by rich capitalists to invest, […]

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