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Twilight of the Efficient Markets » American Scientist review by Cosma Shalizi
Efficient-market theory ought, with any methodological justice, to be relegated to the Museum of Nice Tries. But there is no unified replacement theory, and developing one will be arduous, involving empirical and theoretical work on all scales, from the e
Cosma Shalizi: The Logic of Diversity
While Surowiecki gives many examples of what one might call collective cognition, where groups out-perform isolated individuals, he really has only one explanation for this phenomenon, based on one of his examples: jelly beans.
Those Voices Again (Three-Toed Sloth)
If IQ really correlates with the ability to flourish in an industrial society, ... then those of us in developed countries have spent the last one or two centuries breeding for docility, in both senses of the word.
A Dialogue on The Natural Science of the Human Species | Three-Toed Sloth
Flynn Effect doesn't reflect any sort of change in basic mental ability. IQ scores are a proxy for the skills and habits encouraged by a bureaucratic society. Innate ability needn't enter into it at all. The implications for democracy would be nearly nil.
So You Think You Have a Power Law — Well Isn't That Special? | Three-Toed Sloth
Aaron Clauset, Cosma R. Shalizi and M. E. J. Newman, "Power-law distributions in empirical data" on how to work with power-lawish data.
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