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As a former scientist, help me gain some faith in economics. What were the great successes of economics as a tool for making better decisions in the last 100 years? [more inside]

posted by zaebiz on Jun 23, 2009 - 20 answers

posted by zaebiz on Jun 23, 2009 - 20 answers

Can someone explain why despite the fact that every one of these incidents occurs at a unique time and place, each involves a complex history of events and personal decisions leading to its very unlikely outcome, that the death toll on the roads year-on-year is so predictable? See here and here. [more inside]

posted by zaebiz on Dec 28, 2008 - 47 answers

posted by zaebiz on Dec 28, 2008 - 47 answers

Does the fact that the betting markets still give Hillary Clinton a 1 in 55 chance of being President in 2008, mean that that is a reasonable estimate of the chance that Obama is assassinated before the election? What else could justify those odds now?

posted by zaebiz on Sep 1, 2008 - 14 answers

posted by zaebiz on Sep 1, 2008 - 14 answers

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