tsuomela + chance   17

The Risk Ownership Society | Dissent Magazine
"Freaks of Fortune provides a timely source of perspective on the financial dislocations of the last decade. We have been here before. Maybe we have been nowhere else since the guns fell silent at Appomattox. Freaks of Fortune is a scholarly and affectionate recounting of a journey, which, despite hustle and heartbreak, controversy and countermovement, seems always to leave us right back where we started. We are left with a difficult question: if we wish to be free in the way that Americans understand freedom, have we no choice but to submit to a faceless, periodically psychotic “economic chance-world”?"
book  review  crisis  financial-services  finance  money  economics  risk  chance 
february 2013 by tsuomela
Business - Jordan Weissmann - Why the Internet Isn't Going to End College As We Know It - The Atlantic
"What's more likely to happen is that colleges will learn how to adapt online technology to cut costs as they come under increasing budget pressure. They'll do it slowly, but eventually. The process might lead to fewer lecturers on campus, as schools begin sharing more big survey courses. The Harvards of the world might experiment with more remote, international campuses catering to foreign students. But a wholesale, top to bottom revolution in how we educate students? Not likely, no matter how many times you hear it repeated. "
education  college  university  academic  future  internet  reform  chance  online  from delicious
july 2012 by tsuomela
Why do people pay for useless advice? Implications of gambler's and hot-hand fallacies in false-expert settingsIZA - Institute for the Study of Labor
"We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos (2010), we show empirically that the answer is yes and that the size of the error made systematically by people is large. "
economics  research  statistics  probability  expertise  reasoning  chance  bias  prediction  cognition  from delicious
june 2012 by tsuomela
The Smart Set: Canon vs. Creator - March 4, 2011
Say the name Knut Hamsun, on the other hand, and the first thing in your head is probably “Nazi.” Not Hunger. Not “brilliant Norwegian writer,” but “Nazi.” And while our reaction should be one of disgust, the fact that Hamsun was in his doddering old age showing signs of mental decline even before he went all rah-rah Hitler (he was 80 at the time Germany invaded Norway) — whereas Céline was an intelligent, mentally competent writer in the bloom of youth — it makes you wonder how arbitrary are these reactions.
literature  politics  fame  arbitrary  chance 
march 2011 by tsuomela
TPM: The Philosophers’ Magazine | Review: Providence Lost by Genevieve Lloyd
Providence Lost by Genevieve Lloyd
(Harvard University Press)
"Corresponding to these two views of providence are two very different views on freedom and the good life. Associated with Personal Providence is the view that the essence of freedom lies in the imitation of the unconstrained, undetermined divine will. The less constrained by external necessity our wills are, the freer we are – and the better our lives. Each of us is a little god squirming under necessity’s thumb
book  review  philosophy  providence  chance  fate 
may 2009 by tsuomela
infinite thØught: brentano and chance
book and article recommendations on two philosophy topics - Brentano and phenomenology
books  recommendations  list  philosophy  phenomenology  chance  randomness 
march 2009 by tsuomela
gladwell dot com - blowing up
How Nassim Taleb turned the inevitability of disaster into an investment strategy
finance  markets  economics  by(MalcolmGladwell)  people-taleb  statistics  chance  black-swan  disaster 
december 2008 by tsuomela
Ascription is an Anathema to any Enthusiasm » Blog Archive » Blow Up Rich
Another place I’ve been musing about exceptional, but inevitable, events is where you situate your career planning. I’ve a friend who likes to say that almost all the people he knows who made a fortune in their life “fell of a log into a pile of money” thru no special merit of their own except in some cases they consciously picked a good log to sit on. On the other hand a lot of people just fall off a log sooner or latter. It would be nice if, as you plan your career, you had a better sense of what the chances are in the trade you pick, in the economy at large. The fetish people have for presuming that career path probablities are entirely a matter of personal merit seem wreckless.
career  lifespan  probability  chance 
august 2008 by tsuomela

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