Month: October 2015

Further Against Logarithmic Transformation

I previously wrote about that using logarithmic transformations outside of a narrow range is statistically invalid and results in an exponentially increasing level of error. Perhaps more important than the statistical error committed by the log transformation is the gross

Bitcoin Investing 2.0

The first big movement in bitcoin-centric investing was to invest in bitcoin. The second big movement in bitcoin-centric investing is to invest in things that aren’t bitcoin. I know that sounds weird. Let me explain. I have an account with

Log Growth Rates: Stop Doing That

In economics and also widely in statistics and data science, it is considered acceptable to use log growth rates. In fact, you would have a hard time passing my intro Ph.D. macro class without them. But they shouldn’t be used.

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On Stigler’s Economics of Information

The Economics of Information is a highly influential academic article written by the economist George Stigler. It was published by the Journal of Political Economy in 1961. This article is my review of his article. To give away the ending:

Contra “I Don’t Vote”

I often chillax with libertarians. In doing so I often hear people say that they don’t vote because their vote is worthless. Such a statement is not quite true. People will then sometimes state that the probability of their vote

Is Umpqua Community College a Gun Free Zone?

Is Umpqua Community College really a Gun Free Zone? As a firm advocate of the right to bear arms and a strong conservative, let me make the answer crystal clear: No, Umpqua Community College is not a gun free zone.

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