Lars P. Syll

And here’s another ‘stable genius’ …  [embedded content] Advertisements

The thing that people just don’t get about statistics The thing that people just don’t get is that is just how easy it is to get “p less than .01” using uncontrolled comparisons … Statistics educators, including myself, have to take much of the blame for this sad state of affairs. We go around sending the message that it’s possible to get solid causal inference from experimental or observational data, as long as you have a large enough sample size and a...

I think there is an element of truth in the view that the superstition that the budget must be balanced at all times [is necessary]. Once it is debunked, [it] takes away one of the bulwarks that every society must have against expenditure out of control. There must be discipline in the allocation of resources or you will have anarchistic chaos and inefficiency. And one of the functions of old fashioned religion was to scare people by sometimes what might be regarded as myths...

[embedded content] To my children. Never give in. Never give​ up. Advertisements

Poupée de Cire, Poupée de Son  [embedded content] France Gall 1947-2018. R.I.P. Advertisements

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Annie Lööfs unkna Ayn Rand vurmande I sin dagbok från 1928 citerade Ayn Rand — den iskalla egoismens översteprästinna — med gillande ett uttalande från den då mycket omtalade William Edward Hickman – “What is good for me is right.” Rand är entusiastisk och skriver: “The best and strongest expression of a real man’s psychology I have heard.” Senare modellerar hon en av alla sina hjältefigurer – Danny Renahan – efter sagde Hickman. Renahan beskrivs som “born...

On the real-world irrelevance of game theory It has been argued that some ascription of rationality plays a crucial role in particular in game theoretic modeling from a participant’s point of view. However, ascribing some kind of ideal reasoning process symmetrically to all players in the game, it becomes very unclear whether we as analysts can truly adopt a participant’s attitude to such an idealized interaction. After all, we are as a matter of fact only...

Keynes and the ‘natural’ rate of interest Keynes’s signal contribution was to switch the emphasis from interest rate adjustments to changes in income as the key macroeconomic adjustment mechanism. In so doing, he argued that the interest rate and asset prices adjust to clear balance sheets incorporating stocks, not flows, of financial claims. He pioneered national income accounting which now reveals the importance of leakages due to business saving, taxes,...

Kristdemokraterna (KD) kräver litteraturkanon för invandrare. Kanske något för gamla Livets ordare också … [embedded content] Advertisements