Bayes’ Rule and Court Ruling
We have seen in class that the use of Bayes’ Rule to determine the likelihood of a particular scenario can be very powerful and even counterintuitive in the outcome it predicts. The work on Bayes’ Rule for legal decision-making by Eiki Satake and Amy Vashlishan Murray in the Journal of Statistics Education discusses an interesting […]
Quadratic Vote Buying
When New York’s bike share program first launched last year, it was met with both positive and negative public responses. Supporters praised the service for its practicality in the urban setting as well as an overall greener outlook for the future, while those in opposition were concerned about the loss of parking and property value […]
Information Cascades Falling Short of Expected Returns
The recent financial crisis in the United States left many people unemployed and the search for jobs led them to explore many unique fields. People looked to their hobbies and interests in search for inspiration. Yoga was one such field which rose to prominence around this time. The article published in the Money Section of […]
« go back