Rational Estimation and Price Under Uncertainty

This article talks about ways to deal with uncertainty, and I will also briefly define the concept in contrast with simple risk. Definitions: Uncertainty vs Risk Rational Estimation without Uncertainty Rational Estimation with Uncertainty 1 – Definitions: Uncertainty vs Risk Uncertainty and risk are both not simple economic phenomena. They are generic elements of complex … Read more Rational Estimation and Price Under Uncertainty

Am I Cherry Picking or is This a Decent Definition of Faith?

I hear different definitions of faith from different places. Atheists criticize faith, Christians support faith, but other Christians reject blind faith. Finally, some Christians, see blind faith as the only sort of real faith. This article is my attempt to define faith in a way which is both Biblical and also rational. tldr: Faith is … Read more Am I Cherry Picking or is This a Decent Definition of Faith?

Benefits of Cognitive Dissonance

Cognitive dissonance is a state of discomfort or stress resulting from an individual holding some combination of conflicting cognition and behaviors. Cognition refers to attitudes, values, beliefs, and so on. (Definition source 1 and source 2.) Leon Festinger originated the theory of cognitive dissonance in the 1950s. Basically, the theory states can be summed up … Read more Benefits of Cognitive Dissonance

Nash Equilibrium and the Prisoners’ Dilemma

This article will introduce Nash Equilibrium and the Prisoners’ Dilemma. I will argue that prima facie these provide proof that empathetic markets can produce Nash-Superior equilibria. Let me start off by saying Khan Academy is super awesome. See their short introductory video on Nash Equilibrium and the Prisoners’ Dilemma: First thoughts: The PD does not … Read more Nash Equilibrium and the Prisoners’ Dilemma

The Genesis 1:1 Apology and Mathematical Trust

“If the first verse is true the rest of the Bible is at least believable.” That is a phrase often used by Christian apologist and radio show host Frank Turek. I have worked this idea into a very robust and widely useful philosophical point in defense of the Christian faith. I think Turek was getting … Read more The Genesis 1:1 Apology and Mathematical Trust