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.

“Accounting data seem to be less and less related to the natural data-generating process that governs everything from rivers to molecules to cities. Since these data form the basis of most of our research in finance, Benford’s law casts serious doubt on the reliability of our results.” — Benford’s Law and the Decreasing Reliability of Accounting Data for US Firms

More:While these time series don’t prove anything decisively, deviations from Benford’s law are compellingly correlated with known financial crises, bubbles, and fraud waves. And overall, the picture looks grim.

via Kevin Drum
Accounting data seem to be less and less related to the natural data-generating process that governs everything from rivers to molecules to cities. Since these data form the basis of most of our research in finance, Benford’s law casts serious doubt on the reliability of our results.” — Benford’s Law and the Decreasing Reliability of Accounting Data for US Firms

More:

While these time series don’t prove anything decisively, deviations from Benford’s law are compellingly correlated with known financial crises, bubbles, and fraud waves. And overall, the picture looks grim.
via Kevin Drum

(Source: antillais)