the absence of private demand makes government expenditure necessary. It repays itself by creating a stronger economy than would have otherwise been the case. For me that is the macro - non-household budget - reasoning. (1/13ish)

I'll not leave Riddlersworld. But I'll redefine the notion of riddler. A riddler is a person who doesn't know about specific dates and even about dates in general such as the year things will happen. He only knows, in general, some of the events that will take place,... 1/*

a kind of general history, a plot. In this sense continuing in Riddlersworld goes through an approach of minimums, taking riddlers as what gives an outline of some of the events that could happen at an always unknown date. 2/*

Sure, riddlers intend to convey the idea that they do know the dates, or at least the year, but they don’t know them. 3/*

Take 2020 as an example. At this point of the year you can make so many ad hoc statements as you like, but guys, 2020 clearly meant year 2020. 2020 was the year of the visible "outcomes". 4/*

On November 4, 2019 Mr Pool suggested that outcome of action Plan B is what you have been waiting = price increase. It should have happened in November and December 2020, as Plan B ended on November 7, so the outcome should be those months. 5/*

Survivorship Bias 101

History is written by the victors. But if we exclusively focus on these successes, we allow survivorship bias to distort our understanding of the world.

But what is "survivorship bias" and how does it work?

Here's Survivorship Bias 101!

👇👇👇

1/ First, a few definitions.

Survivorship bias is the logical error of concentrating on survivors (successes) and ignoring casualties (failures).

When we do so, we miss the true "base rates" of survival (the actual probability of success) and arrive at flawed conclusions.

2/ When we completely ignore failures, we lose our ability to correctly identify the differences between successes and failures.

Put simply, exclusively focusing on successes may actually inhibit our ability to identify (and replicate) the actions that led to such success.

3/ Cicero wrote on the topic over 2,000 years ago.

An atheist named Diagoras is shown portraits of people who prayed and were saved from death at sea as proof of God's existence.

Diagoras replies, "I see those who were saved, but where are those painted who were shipwrecked?"

4/ Cicero cuts right to the point - we cannot conclude that prayer led to being saved from the sea if we ignore those who prayed and then drowned.

Survivorship bias can lead to a deeply-flawed understanding of cause-and-effect relationships.

Let's look at some examples.

Ok...just spent a few looking at The Weekend’s page and it is weird AF!!! First off is this banner pic he has...take a look at it...a CLOSE LOOK AT IT....see all the ‘strange’ images he has within it? Notice the dice...all the 6’s...serpent tongue....
NOTHING TO SEE HERE.👇thread