Monthly Archives: November 2012

Detours of understanding

XKCD nicely illustrates the difference between Frequentist and Bayesian statistics: Bayesian statistics and Bayesian reasoning are an integral part of Machine Learning and I’ve run into them quite a few times. But I simply never understood them. Oh, I could … Continue reading

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Artificially narrowing our sensory experiences

I attended a Godspeed You! Black Emperor show last week and seeing them on stage, I realized that we are at the current endpoint of a couple of thousand years of development in musical instruments that in the “West” alone … Continue reading

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Mathematics 1 – Opinions 0

Nate Silver has been using pretty sound statistical methodology to forecast the US presidential election (and senatorial races) on his blog. He did so exceedingly, getting the outcome in 50 out of 50 states right: and therefore also nailing the … Continue reading

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Originally posted on Real-World Economics Review Blog:
From Jesse Frederik (guest post) EU and ECB macro-economic policy is based upon predictions of economic growth. This means that they have to use an economic model which is fit for the task. But…

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Is Open Democracy just a camouflaged propaganda tool?

Open Democracy is an infuriating site. On the one hand, they discuss important developments in the Middle East and North Africa, women’s issues, topics relating to democracy and mass media. On the other hand, they keep giving a propaganda platform … Continue reading

Posted in austerity, belief systems, debt, deficit spending, developed countries, neo-liberalism, private debt, public debt, standards of living, wealth distribution | Leave a comment

From Latvia with Love

Latvia is being held up as the country where austerity allegedly worked, but the reality looks a tad different: When Zane Valdmane opens the door to her apartment, holding her two-year-old daughter Made in her arms, the chronic lack of … Continue reading

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Originally posted on Real-World Economics Review Blog:
from Merijn Knibbe After 2008 Poland and Romania devaluated their currency. Other countries tried ‘internal devaluation’ (Spain, Portugal, Greece, Ireland, The Baltic states). Are there any differences when it comes to unemployment (source:…

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