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Finance and belief in how markets work

Via Naked Capitalism comes this post from Cathy O’Niel, Black Scholes and the normal distribution. form her blog mathbabe. (re-posted with permission from the author). There have been lots of…

John Roberts’ Curious Voting-Statistics Sophism Misconstrues The Census Report’s Statistics by Failing to Consider Key Statistical Deviation Facts and Fails To Consider WHY Massachusetts Blacks Might Be Voting In Lower Percentages Than Mississippi Blacks Are, Even IF They Are. [UPDATED]

In a blog post titled “In Voting Rights Arguments, Chief Justice Misconstrued Census Data” on NPR’s website, veteran NPR Supreme Court correspondent Nina Totenberg deconstructs a sophism offered by John…

Only 6% Of Public Knows Deficit Is Declining

…deficit under control,http://blog.ourfuture.org/20130226/deficit-is-falling-dramatically-but-only-6-know-that. As it is, apparently 62% think it is rising, while 28% think it is constant. Among things that the public is wrong about, this one sticks out…

Pulitzer-Caliber Photo Journalism …

Forget that being-worth-a-thousand-words thing. The picture and its caption in this Krugman blog post are … priceless. (I just about fell out of my chair when I saw that. And,…

Health Care Thoughts: Essential Benefit Regulations

…Tom aka Rusty Rustbelt Health Care Thoughts: Essential Benefit Regulations The final regulations were published on “essential benefits.” No major surprises. The best summary I can find is at: http://www.healthinsurance.org/blog/2013/02/22/hhs-gets-specific-on-acas-essential-benefits/…

The Age Rating Game

Maggie Mahar Health Care Blog discusses some of the rhetoric employed in media on how to pay for health insurance. In other words, when costs are distributed over a large…

http://thehealthcareblog.com/blog/2012/08/20/the-age-rating-game-will-older-americans-pay-more-under-health-reforma/ The Affordable Care Act leaves it to the states to decide whether they want to let insurers charge older Americans more for coverage. If a state takes no action,…