Thaaaat's Numberwang

"Number occupies a strategic position in this conflict, because it is simultaneously the most generalized basis of thought and that which demands most abruptly the question of its being." — Alain Badiou

See also Mitchell & Webb's "Numberwang" sketch.

atencio:

My god. It’s full of Numberwang.

atencio:

My god. It’s full of Numberwang.

“[People] who are otherwise very good at math may totally flunk a problem that they would otherwise probably be able to solve, simply because giving the right answer goes against their political beliefs.” — The Most Depressing Discovery About the Brain, Ever
[People] who are otherwise very good at math may totally flunk a problem that they would otherwise probably be able to solve, simply because giving the right answer goes against their political beliefs.” — The Most Depressing Discovery About the Brain, Ever

(Source: mlkshk.com)

“the opponents of austerity have won a decisive intellectual victory, and it has made no difference — When Good Things Happen to Bad Ideas

More:it was kind of a real-world example of Simon Wren-Lewis’s thought experiment of shutting half the economy down — or in this case more like shutting a few percent of the economy down — then starting it up again, and hailing the resulting growth as a policy triumph

via dvdp
the opponents of austerity have won a decisive intellectual victory, and it has made no difference — When Good Things Happen to Bad Ideas

More:

it was kind of a real-world example of Simon Wren-Lewis’s thought experiment of shutting half the economy down — or in this case more like shutting a few percent of the economy down — then starting it up again, and hailing the resulting growth as a policy triumph

via dvdp

“At one point they set cell L51 equal to AVERAGE(L30:L44) when the correct procuedure was AVERAGE(L30:L49). By typing wrong, they accidentally left Denmark, Canada, Belgium, Austria, and Australia out of the average. — Is The Reinhart-Rogoff Result Based On A Simple Spreadsheet Error?

but:The fact that Reinhart/Rogoff was widely cited despite its huge obvious theoretical problems leads me to confidently predict that the existence of equally huge, albeit more subtle, empirical problems won’t change anything either.
via bestrooftalkever
At one point they set cell L51 equal to AVERAGE(L30:L44) when the correct procuedure was AVERAGE(L30:L49). By typing wrong, they accidentally left Denmark, Canada, Belgium, Austria, and Australia out of the average. — Is The Reinhart-Rogoff Result Based On A Simple Spreadsheet Error?

but:

The fact that Reinhart/Rogoff was widely cited despite its huge obvious theoretical problems leads me to confidently predict that the existence of equally huge, albeit more subtle, empirical problems won’t change anything either.

via bestrooftalkever

(Source: laurenonizzle)

“The bigger potential flaw with Chief Justice Roberts’s argument is not with the statistics he cites but with the conclusion he draws from them” — In Supreme Court Debate on Voting Rights Act, a Dubious Use of Statistics
The bigger potential flaw with Chief Justice Roberts’s argument is not with the statistics he cites but with the conclusion he draws from them” — In Supreme Court Debate on Voting Rights Act, a Dubious Use of Statistics

(Source: namtaf, via capnskull)

“This is why the JPMorgan VaR model is the rule, not the exception: manual data entry, manual copy-and-paste, and formula errors.” — James Kwak explains how Excel runs the world of finance such that it’s terribly easy to make major mistakes in The Importance of Excel

More:

While all software breaks occasionally, Excel spreadsheets break all the time. But they don’t tell you when they break: they just give you the wrong number.

Is this any way to run a bank—let alone a global financial system?
This is why the JPMorgan VaR model is the rule, not the exception: manual data entry, manual copy-and-paste, and formula errors.” — James Kwak explains how Excel runs the world of finance such that it’s terribly easy to make major mistakes in The Importance of Excel

More:

While all software breaks occasionally, Excel spreadsheets break all the time. But they don’t tell you when they break: they just give you the wrong number.

Is this any way to run a bank—let alone a global financial system?

(via damnafricawhathappened)