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Scooped by Fotheringham onto Collected Economics |
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Non-prophet Economics
Fotheringham's insight:
Non-profit economics... interesting. Delete the scoop?
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Imagine a large dataset, say something like a list of every country and its population. Chances are, the leading digit will be a 1 more often than a 2. And 2s would probably occur more often than 3s, and so on. This odd phenomenon is Benford's Law. If a set of values were truly random, each leading digit would appear about11% of the time, but Benford's Law predicts a logarithmic distribution. It occurs so regularly that it is even used in fraudulent accounting detection.
Fotheringham's insight:
One of my favourite statistics phenomenon. And then there's this site: http://testingbenfordslaw.com that allows you to test it! Fabulous! Delete the scoop?
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Carmen Reinhart and Kenneth Rogoff are economics luminaries, with chairs at Harvard and stints at the IMF. But is their most famous argument the result of an Excel mistake?
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Hi everyone! It was great speaking to you all, and I hope that out paths will cross again at some point. In particular, I am currently working with Columbia University Press on two books about the ...
Fotheringham's insight:
Really interesting article about the music industry and music and valuation. Delete the scoop?
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Fotheringham's insight:
Fabulous! Thai exports growing, whie the interest rate remains low!!! Delete the scoop?
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A new study links sharing of science articles online with narcissism. ha.
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Unless same sex marriage is in the news, marriage itself receives relatively little attention. Sure, marriage is considered a virtue by most people, but its benefits are rarely discussed.
Fotheringham's insight:
Love that the woman they chose from this picture has her nails bejazzeled. Interesting article statistically... Delete the scoop?
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Facebook CEO Mark Zuckerberg is joining with like-minded US tech execs, including LinkedIn's Reid Hoffman, to fund a $50 million political organization backing comprehensive immigration reform, and down the road, education and funding for...
Fotheringham's insight:
My new favourite magazine... Quartz. Interesting articles -- trendy, but interesting (as though trendy were a bad thing) Delete the scoop?
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This is a good one: The main subsidiary of Suntech Power, one of the world's largest makers of solar panels, collapsed into bankruptcy in a remarkable reversal for what had been part of a huge Chinese government effort to ...
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Environmentalists take note. :( Delete the scoop?
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The value of note-taking—or notebooks at least—gets a stock market capitalization in the coming weeks with Moleskine's planned IPO. The Italian stationery firm has boosted the profile of note-taking at companies around the world.
Fotheringham's insight:
Really very interesting little note here on Moleskine specifically, but the art of note taking generally... docments contained within (http://www.drewhajduk.co.uk/index.php/smart-wisdom-note-taking-made-easy/) talk about effective mind-mapping and are very interesting. Delete the scoop?
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Welcome to the anti-economy, where modern society is plagued by a cycle of endless consumption that is ripe with waste and exploitation. Let's break the cycle.
Fotheringham's insight:
A blog entry, obviously from someone pretty ticked off about sustainable development... a quote: "Earth is a finite planet, and living the way we currently live is anything but “economical.”" Delete the scoop?
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GENEVA (Reuters) - The world's biggest economies, especially the European Union and Japan are using protectionist policies that fly below the World Trade Organization's radar, according to a forthcoming... Via Dan Martin
Fotheringham's insight:
Pretty much what I was talking about when the Professor from Birmingham came in... 
Fotheringham's curator insight,
February 7, 4:04 AM
Shocking! Actually, no, wait, it's totally not. Fine. ATTN for all working on International Trade! Delete the scoop?
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Consumer surveys out this week show shoppers are feeling much happier about the economy. But that optimism may not translate into spending. While the spirit is willing, the wallet is weak.
Fotheringham's insight:
Spend, spend while you can! Delete the scoop?
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Thailand's central bank cut its main policy rate by a quarter of a percentage point and said it is ready to implement capital controls if necessary to contain the strength of Thailand's currency.
Fotheringham's insight:
Welcome back after the exams period! And here comes the rate change... excellent graphic on this site. Delete the scoop?
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Explore the exam that has been stressing out college-bound high school students since 1926
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The United Kingdom Peace Index is the first comprehensive measure of levels of peacefulness within the UK from 2003 to 2012.
Fotheringham's insight:
Neat-o! An index of peacefulness! Wonder how we calcaulate that??? Answers here. Great model. Delete the scoop?
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MPC maintains the policy interest rate at 2.75%
Fotheringham's insight:
Thailand! Maintaining the low rate! Amazeballs! Delete the scoop?
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BRAZIL, Russia, India, China and South Africa recently concluded the fifth annual meeting of the countries known collectively as the BRICs. Or should that be the BRICS?
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Not so liberating for health care TOBACCO, as generations of schoolchildren have been taught, was brought to Europe from the Americas along with potatoes and piles...
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“Only Satan can grant man the faculty of expelling smoke through the mouth,” declared the Spanish Inquisition in imprisoning Rodrigo de Jerez, one of Columbus’s sailors, and the first person to bring tobacco to Europe. Latin American governments now seem to agree. Delete the scoop?
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As Beijing residents are told to limit time outside because of pollution, some of the 10 million residents in Shinjiazhuang, China's most polluted city, who ... Via Geoff Riley
Fotheringham's insight:
Yikes, and our colleagues are up around Shinjiazhuang... yikes.
Geoff Riley's curator insight,
March 1, 3:19 PM
Social media is being used by those wanting to increase awareness of the external costs of intense air pollution in many of China's urban areas 
PWS_Business's curator insight,
May 20, 4:38 AM
AQA - context of CHina's economic growth on the UK economy - think about our ethical awareness, social cost in China etc Delete the scoop?
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Fotheringham's insight:
Last one today, promise. It's a chart of tax rates from 1789 - 1870, made in 1872 by hand, obviously. Fascinating for historians and economists alike... especially the fact at the bottom. Delete the scoop?
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RT @rabbleca: For comparison's sake, here's the Alternative Federal Budget 2013 http://t.co/4XeDIymghv #cdnpoli #bdgt13
Fotheringham's insight:
I selected this as I feel it's a marvelous effort by a group of people -- creating their own budget! Fabulous! Delete the scoop?
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Researchers at the International Baccalaureate (IB) set out to learn what ingredients go into making an IB teacher an IB teacher -- to better understand the perspectives and attributes of this effective, dedicated corps of educators and to improve...
Fotheringham's insight:
Interesting... wonder if IB teachers are objective enough to determin what makes an IB teacher... or if it would be preferrable to our study? Delete the scoop?
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Because economics is all about optimizing, it’s usually the first place you should look for answers if you want to maximize your happiness.
Fotheringham's insight:
So like, if you think I'm not telling you the truth, or even if you do, you ought to do your own research, ask your own questions, seek your other answers... like from this lady! Delete the scoop?
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Have been wanting to post something from Vice for ages. Sweet.