9 posts tagged with bias and economics.
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The Trick of Orthodoxy
Economics truly is a disgrace - "This is very personal post. It is my story of the retaliation I suffered immediately after my 'economics is a disgrace' blog post went viral. The retaliation came from Heather Boushey–a recent Biden appointee to the Council of Economic Adviser and the President and CEO of Equitable Growth where I then worked. This is not the story I wanted to be telling (or living). Writing this post is painful. I am sorry." (via; previously) [more inside]
The chickenization of everything
How to Destroy Surveillance Capitalism (thread) - "Surveillance Capitalism is a real, serious, urgent problem... because it is both emblematic of monopolies (which lead to corruption, AKA conspiracies) and because the vast, nonconsensual dossiers it compiles on us can be used to compromise and neutralize opposition to the status quo."[1,2,3] [more inside]
what planet do you live on?
The Guardian reports that despite progress in closing the equality gap, 91% of men and 86% of women hold at least one bias against women in relation to politics, economics, education, violence or reproductive rights, according to a new Gender Social Norms Index that contains data from 75 countries, covering over 80 percent of the world’s population. [more inside]
Algorithms define our lives
Auditing Algorithms and Algorithmic Auditing
How big data increases inequality and threatens democracy - "A former academic mathematician and ex-hedge fund quant exposes flaws in how information is used to assess everything from creditworthiness to policing tactics, with results that cause damage both financially and to the fabric of society. Programmed biases and a lack of feedback are among the concerns behind the clever and apt title of Cathy O'Neil's book: Weapons of Math Destruction." [more inside]
March of Time
From 1935 to 1951, Time Magazine bridged the gap between print & radio news reporting and the new visual medium of film, with March of Time: award-winning newsreel reports that were a combination of objective documentary, dramatized fiction and pro-American, anti-totalitarian propaganda. They “often tackled subjects and themes that audiences weren’t used to seeing — foreign affairs, social trends, public-health issues — and did so with a combination of panache and subterfuge that today seems either absurd or visionary.” (Previous two links have autoplaying video.) By 1937, the short films were being seen by as many as 26 million people every month and may have helped steer public opinion on numerous issues,
including (eventually) America’s entry to WWII. Video samples are available at Time.com, the March of Time Facebook page and the entire collection is available online, (free registration required) at HBO Archives. [more inside]
Consider my opinion changed.
Race in basketball
Are NBA referees racially biased when calling fouls? In a paper [PDF] released yesterday, economists Wolfers and Price claim that an all-white team would win two extra games over an 82-game season.
Cognitive biases and other fun tricks
You are very bad at making decisions. Welcome to the world of cognitive biases. They are why it is so easy to see conspiracies in the death of microbiologists, to be unaware of how incompetent we are, to regret our bids on eBay, and to be superstitious rationalists. Perhaps you should learn to use them before you are taken in. Finally, cognitive biases are why you will remember the end of this po
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