Theories of Sufficient and Voluntary Information

This article discusses theories of sufficient or voluntary information as competitive theories to the requirement of perfect information in a free market. Economic theory holds that markets reach equilibrium in the context of free or perfect information. In the real world we don’t have such information and yet we see markets working just fine. It’s … Read more Theories of Sufficient and Voluntary Information

Start Using Javascript for Statistics

This article argues that data scientists and others should increasingly employ Javascript for statistical operations. First, let’s cover what is normally used and why. The normal things employed for statistical operation include R, STATA, SPSS, and recently there has been increased interest in Python. There always seem to come and go smaller apps, languages, and … Read more Start Using Javascript for Statistics

7 Techniques to Conceptual Engineering

Concept engineering, conceptual engineering, and, less specifically, conceptualization, all refer to the process of selecting which features a product should have. This is relevant to building software as well as development of physical products or services. I’m not an expert conceptual engineer or an engineer at all really which I why I was a bit … Read more 7 Techniques to Conceptual Engineering

Effect of Page Speed on Revenue

This article shows 2 data sources for how the load speed of a web page affects revenue. 1:   We are the first to quantify the impact page speed has on web conversions. Free 30-Day Trial: http://t.co/EM2sm6Rsj5 pic.twitter.com/YbOSS3sTJt — Blue Triangle Tech (@BlueTriangleTec) May 22, 2015   2:  

A Model of Entrepeneurship

This article presents a simple model of entrepreneurship and checks it against convenience data. We start from a rational actor framework adjusted for perceived value rather than actual value, although perceived and actual value should correlate in the short run and converge in the long run. The founding assumption is that potential entrepreneurs will choose … Read more A Model of Entrepeneurship

False Distributions and Reason Magazine

Survey question wording can result in a misleading response distribution. A recent Reason article stated the following: Republican animus against iimmigration [sic] is wildly out of line with the rest of the country. Fully 84 percent of Republicans say they are “dissatisfied” with current levels of immigration (presumably, they want them decreased). Yet just 39 … Read more False Distributions and Reason Magazine