Statistics And Elections

One of the more annoying things about the US election;as if it were at all possible to list all the annoying things in one sopt is the inability of journalists to understand basic statistics. Consider the graphic below which I snipped from the site FiveThirtyEight Most are interpreting this as a lock for the Clinton…

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An Interview With Robert J. Shiller on Behavioral Economics

Warburton: So what you’re saying is that traditional economics has focused on an ideally rational individual, asking, “What would such a person do if he or she behaved in their own best interests based on the information available?” But behavioral economics brings in the fact that we don’t always behave in our own best interests.…

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Now This Is A Boom

Sales in Canada’s biggest city rose 12 percent to 9,768 transactions from the same month a year earlier, while average prices jumped 21 percent to C$762,975 ($569,852), according to the Toronto Real Estate Board. The average price of a detached home was C$1,034,077, up 26 percent on the year. New listings rose 0.9 percent to…

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