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 disregard for logic and mathematical properties. In this article I will show log transformations are … Read more Further Against Logarithmic Transformation
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 Coinbase. It’s a great firm. In the past I didn’t move much of my investment … Read more Bitcoin Investing 2.0
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. The validity of how log growth rates are often used depends on a simplification. The … Read more Log Growth Rates: Stop Doing That
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: I am a huge fan of this article, but I do have occasional questions or … Read more On Stigler’s Economics of Information
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 swinging a presidential election is small, which is true, but this is misleading for at … Read more Contra “I Don’t Vote”
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. However, while the pop conservatives in the media and the interwebs are technically innacurate for … Read more Is Umpqua Community College a Gun Free Zone?