ne of the more common logical mistakes we make is to turn to the expert bias, also known as the logical fallacy arguing from authority. The logical error is committed by espousing expert credentials for sound logic, in order to make a logical argument. A logical argument is founded on logic alone. No amount of [...]
Archive for the ‘Philosophy’ Category
Study Supports Expert Bias
Posted in Business, Logic, Philosophy, Science, tagged Expert Bias, Nicholas Nassim Taleb, Stock Market on April 15, 2009 | 1 Comment »
The Problem of Correlation As Causation
Posted in Logic, Philosophy, tagged Causality, Correlation, Randomness on February 4, 2009 | Leave a Comment »
The confusion of supplanting correlation for causation is one of the most common logical fallacies we make. This is the fallacy of correlation. The basic premise is that you will attribute a connection between two experiences as the root cause of one experience being the cause of the other.
While it’s one of the easiest logical [...]
Living In A Non-Judgemental Universe
Posted in Logic, Philosophy, tagged Judgement, Sociology on January 18, 2009 | Leave a Comment »
Recently, I was engaged in a conversation with a 50 year old housewife when she uttered a phrase I have heard countless times before – “I try not to be judgemental.” I have always had difficulty accepting this as remotely true for anyone, and it has struck me as a near impossible premise from the [...]
Why Your Blog Hits Aren’t Really Yours
Posted in Business, Logic, Philosophy, tagged Blogging, Internet, Randomness on January 12, 2009 | 6 Comments »
With the explosion in the number of blogs littering the internet, every blogger takes extraneous efforts to increase their visitor count. The all important hit count is the singular indicator whether your blog is popular or not.
There are blogs dedicated soley to advising bloggers on who to get their blogs noticed, and attract a larger [...]
Cantor Fitzgerald Moving HSX Into The Real World
Posted in Business, Philosophy, tagged Cantor Fitzgerald, Hollywood Stock Exchange, Prediction, Randomness on January 7, 2009 | Leave a Comment »
The trading firm Cantor Fitzgerald will be starting a real world version of the Hollywood Stock Exchange – an online virtual trading world where players buy and sell movie and celebrity stocks. Cantor will now offer movie studios to purchase bonds relative to a movie’s financial performance.
Cantor is actively recruiting veteran HSX traders to participate [...]
The Unpredictability of Sports
Posted in History, Philosophy, Sports, tagged ESPN, NFL, Prediction, Randomness on January 5, 2009 | 2 Comments »
As with all systems that aren’t manufactured, for instance casinos, sports is a highly unpredictable arena. But littered with experts from former players to journalists eager to give you their arrogant self-predictions for future seasons.
Every season for every sport, these experts publish their predictions in newspapers, magazines, and television shows(the latter particularly prone to bombastic [...]
