Tag Archive
ai
akrasia
arrow's theorem
basketball
beeminder
calibration
commitment devices
crime
data
decision theory
economics
email
fallacies
flu
google
guest posts
homophily
insurance
investment
march madness
market
mechanism design
music
news
new york city
new york times
overconfidence
politics
prediction
psychology
rationality
real estate
rent
robots
social networks
sports
startups
sunk costs
vix
volatility
wagers
web search
wisdom of crowds
yahoo
yootles
When Close Isn’t Good Enough
For a lot of engineering problems, “almost right” isn’t good enough. Remember the Mars Climate Orbiter? Traveling through space for nearly a year, and covering 700 million kilometers, the Orbiter disintegrated after entering the Martian atmosphere at an altitude just one-hundred kilometers lower than planned. That’s like a $100 million dart exploding when you miss... »