Learning Is The First Step
One of the major Austrian critiques of certain kinds of analysis focuses on uncertainty. You can make a forecast based on certain data, but something unexpected might come along and muck everything up. In the past I have described ways of overcoming this issue. These article contains 3 sections which do the following: Argues for … Read more
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
In economics, the theory goes, actors can be risk loving, risk neutral, or risk averse. Most people, the theory continues, are risk averse. Insurance institutions are risk neutral and rarely you will encounter perhaps a gambling addict or some such individual who is actually risk loving. Risk loving actors introduce a paradox which is not … Read more
In the mind of American culture, and perhaps other cultures as well, technology and entrepreneurship are inextricably linked. One usual explanation is the idea of particularly creative people. These creative people are into creating new inventions and are also able to successfully launch a business due to the same creativity. Another explanation is that technology … Read more
This article will attack two problems in statistics. The two problems are the selection bias in sampling and the arbitrary nature of common alpha levels. Most statisticians know that the ideal way to sample is a simple random sample, but what if that simple random sample is arguably not representative of the whole population? The … Read more
This article goes over my methodology for a bitcoin valuation which resulted in my guest article on the Mineforman website here. The spreadsheet I used, complete with all my little self-notes and summaries, is available in its original Gnumeric format here, and in the more common Excel format here. Simple Excel conversion resulted in some errors … Read more
This article posits that empirical data shows that homosexuality has a negative effect both on individuals and on their surrounding society and that such a negative effect is evidence to the validity of the Bible. The Bible has been under fire from various segments of society for a variety of reasons and one such reason … Read more
The other night when I had dinner with J Warner Wallace I was advised to listen to Greg Koukl’s Audio Edition of Decision Making and the Will of God. I haven’t read the book and I will post my findings here when I do, but I thought it would be useful to discuss how I … Read more