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	<title>Detailed Abstractions &#187; Freakanomics</title>
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		<title>Infinite Monkey Theorems 20100713</title>
		<link>http://detailedabstractions.com/2010/07/13/infinite-monkey-theorems-20100713/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=infinite-monkey-theorems-20100713</link>
		<comments>http://detailedabstractions.com/2010/07/13/infinite-monkey-theorems-20100713/#comments</comments>
		<pubDate>Tue, 13 Jul 2010 16:46:17 +0000</pubDate>
		<dc:creator>Michael S. Langston</dc:creator>
				<category><![CDATA[Economics]]></category>
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		<category><![CDATA[nber]]></category>
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		<category><![CDATA[Robert Reich]]></category>
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		<guid isPermaLink="false">http://detailedabstractions.com/?p=1117</guid>
		<description><![CDATA[Come on&#8230;. we can&#8217;t find any good justices to nominate to SCOTUS?  This is what&#8230; the third (including the previous administration) uninspired justice nominated in just 5 years. For such a prestigious and life long appointment, we should expect much better (via Cato here): Elena Kagan, President Obama&#8217;s nominee for the Supreme Court, seemed to shock many people [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Come on</strong>&#8230;. we can&#8217;t find any good justices to nominate to SCOTUS?  This is what&#8230; the third (including the previous administration) uninspired justice nominated in just 5 years.</p>
<p>For such a prestigious and life long appointment, we should expect much better (via Cato <a title="Why Should a Supreme Court Justice Care about Natural Rights?" href="http://www.cato.org/pub_display.php?pub_id=11968" target="_blank">here</a>):</p>
<p style="padding-left: 30px;">Elena Kagan, President Obama&#8217;s nominee for the Supreme Court, seemed to shock many people when she dodged questions about the Declaration of Independence during her testimony before the Senate Judiciary Committee&#8230;</p>
<p>DA posts <a title="Infinite Monkey Theorems 20100701" href="http://detailedabstractions.com/2010/07/01/infinite-monkey-theorems-20100701/" target="_blank">here</a> &amp; <a title="Kagan’s Nomination" href="http://detailedabstractions.com/2010/05/12/kagans-nomination/" target="_blank">here</a></p>
<p>Via Freakanomics <a title="When Nurses Go on Strike" href="http://freakonomics.blogs.nytimes.com/2010/07/13/when-nurses-go-on-strike/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+FreakonomicsBlog+(Freakonomics+Blog)" target="_blank">here</a>, which will hopefully put to rest the idea that nurses go on strike to &#8220;help&#8221; patients, from the NBER paper:</p>
<p style="padding-left: 30px;">&#8230;Controlling for hospital-specific heterogeneity, patient demographics and disease severity, the results show that nurses’ strikes increase in-hospital mortality by 19.4% and 30-day readmission by 6.5% for patients admitted during a strike, with little change in patient demographics, disease severity or treatment intensity&#8230;.</p>
<p><strong>Robert Reich </strong>via Salon.com <a title="The root of economic fragility and political anger" href="http://www.salon.com/news/feature/2010/07/13/reich_economic_anger/index.html" target="_blank">here</a> demonstrates once again how much politics effects his economic analysis.  According to him, this whole economic mess, including a potential backslide can be blamed solely on deregulation:</p>
<p style="padding-left: 30px;">&#8230;starting in the late 1970s, and with increasing fervor over the next three decades, government did just the opposite. It deregulated and privatized. It increased the cost of public higher education and cut public transportation. It shredded safety nets&#8230;</p>
<p>Which he believes is causing greater wage disparities:</p>
<p style="padding-left: 30px;">&#8230;We’re back to the same ominous trend as before the Great Recession: a larger and larger share of total income going to the very top while the vast middle class continues to lose ground&#8230;.</p>
<p>Because with deregulation, of course, companies can become EVIL:</p>
<p style="padding-left: 30px;">&#8230;Companies were allowed to slash jobs and wages, cut benefits and shift risks to employees (from you-can-count-on-it pensions to do-it-yourself 401(k)s, from good health coverage to soaring premiums and deductibles)&#8230;.</p>
<p>I submit what Mr. Reich fears is freedom &#8211; freedom of business owners to hire and fire as they wish, freedom of employees to change jobs easily (401K allows this, pension does not), just freedom.</p>
<p>Secondarily, you can see in his writing that the only thing the government has ever done wrong, is by not getting involved enough.  He doesn&#8217;t mention government meddling, deficit spending, enormous new health care expenses, entirely new federal agencies which more money will be needed, idiotic regulations like a moratorium on all oil drilling due to one company&#8217;s failure&#8230;.</p>
<p>Nope, for Mr. Reich, it&#8217;s all because the government hasn&#8217;t taken enough control over the little people.</p>
<p>Via Cato <a title="The (Still) Missing Social Security Annual Report" href="http://www.cato.org/pub_display.php?pub_id=11974&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+CatoRecentOpeds+(Cato+Recent+Op-eds)&amp;utm_content=Google+Reader" target="_blank">here</a>, more news on the Obama Administration&#8217;s <em>transparency:</em></p>
<p style="padding-left: 30px;">The Social Security&#8217;s trustees&#8217; annual report is, by law, supposed to be published by April 1. This year, however, the trustees have postponed its release indefinitely. The program&#8217;s financial condition continues to remain hidden from public view — and by many accounts will continue to be so until the end of the fiscal year&#8230;.</p>
<p>Wonder if Reich views this as an issue?</p>
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		<title>Infinite Monkey Theorems 20100301</title>
		<link>http://detailedabstractions.com/2010/03/01/infinite-monkey-theorems-20100301/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=infinite-monkey-theorems-20100301</link>
		<comments>http://detailedabstractions.com/2010/03/01/infinite-monkey-theorems-20100301/#comments</comments>
		<pubDate>Tue, 02 Mar 2010 04:07:35 +0000</pubDate>
		<dc:creator>Michael S. Langston</dc:creator>
				<category><![CDATA[Critical Thinking]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Free Market Principles]]></category>
		<category><![CDATA[Politics]]></category>
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		<category><![CDATA[CalTech]]></category>
		<category><![CDATA[Corporate Spending]]></category>
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		<category><![CDATA[Democrats]]></category>
		<category><![CDATA[Equality]]></category>
		<category><![CDATA[Fannie/Freddie]]></category>
		<category><![CDATA[Fascism]]></category>
		<category><![CDATA[Freakanomics]]></category>
		<category><![CDATA[Freedom of Speech]]></category>
		<category><![CDATA[google]]></category>
		<category><![CDATA[harvard law school forum]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[Nancy Pelosi]]></category>
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		<category><![CDATA[Patriot Act]]></category>
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		<guid isPermaLink="false">http://detailedabstractions.com/?p=827</guid>
		<description><![CDATA[Proving once again that fascism isn&#8217;t just a word, Italy (here via Economist) gave three Google executives six-month suspended sentences for &#8220;allowing a clip of an autistic boy being bullied to be viewed on Google Video, which the judge said broke Italy’s privacy laws. &#8220; Just to clarify, I&#8217;m not pro-autistic-bullying and would think a [...]]]></description>
			<content:encoded><![CDATA[<p style="padding-left: 120px;">
<ul>
<li>Proving once again that fascism isn&#8217;t just a word, Italy (<a title="Corporate responsibility?" href="http://www.economist.com/business-finance/displaystory.cfm?story_id=15581111&amp;fsrc=rss" target="_blank">here</a> via Economist) gave three Google executives six-month suspended sentences for &#8220;allowing a clip of an autistic boy being bullied to be viewed on Google Video, which the judge said broke Italy’s privacy laws. &#8220;</li>
</ul>
<p style="padding-left: 30px;">Just to clarify, I&#8217;m not pro-autistic-bullying and would think a civil trial isn&#8217;t out of the question, but jail?</p>
<ul>
<li>Fannie Mae needs more cash, but just 15 billion&#8230; from the taxpayer of course (<a title="Correction: Fannie Mae Q4 Loss Narrows; Seeks $15.3 Bln. Federal ..." href="http://rttnews.com/ArticleView.aspx?Id=1224758" target="_blank">here</a> via RTTN News).   Seems like people might not agree with this (<a title="U.S. Move to Cover Fannie, Freddie Losses Stirs Controversy " href="http://online.wsj.com/article/SB126168307200704747.html" target="_blank">here</a> via WSJ):</li>
</ul>
<p style="padding-left: 60px;">The Obama administration&#8217;s decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie Mac over the next three years stirred controversy over the holiday&#8230;.</p>
<p style="padding-left: 30px;">Probably why the decision was made over the holidays.</p>
<ul>
<li>Crazy fundamentalists blame the Golden Girls for homosexuality (<a title="The Golden Girls: How One TV Show Turned A Generation Of American Boys Into Homosexuals" href="http://christwire.org/2009/10/the-golden-girls-how-one-tv-show-turned-a-generation-of-american-boys-into-homosexuals/" target="_blank">here</a> via ChristWire).</li>
</ul>
<ul>
<li>Democrats &amp; President Obama, all firmly against the Patriot Act after signing it, vote to  prevent all measures from lapsing (<a title="Lawmakers Punt Patriot Act to Obama" href="http://www.wired.com/threatlevel/2010/02/lawmakers-renew-patriot-act/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+wired%2Findex+%28Wired%3A+Index+3+%28Top+Stories+2%29%29" target="_blank">here</a> via Wired) for the next full year.</li>
</ul>
<ul>
<li>Harvard intellectual tells us why allowing corporations to spend money on politics is bad (<a title="Corporate Political Speech is Bad for Shareholders" href="http://blogs.law.harvard.edu/corpgov/2010/02/25/corporate-political-speech-is-bad-for-shareholders/" target="_blank">here</a>):</li>
</ul>
<p style="padding-left: 60px;">&#8230;To understand why, it is important to focus on the individuals who make decisions for companies. When corporations decide which politicians to support, what kind of messages to send, and which political outcomes to seek, their general investors are not consulted. Rather, such decisions are likely to reflect the preferences and objectives of the insiders who manage the companies, ostensibly on shareholders’ behalf&#8230;.</p>
<p style="padding-left: 30px;">A little interlude for a thought experiment.  Change which politicians to support and which political outcomes to seek to which charities to support and which cultural outcomes to seek.  Or try reality and change it to, which lobbyists to support and which regulatory outcomes to seek.  But of course, he defines the problem for us:</p>
<p style="padding-left: 60px;">&#8230;And politicians that benefit from corporate spending and access to  corporate resources will have an interest in serving the insiders’  preferences and objectives&#8230;.</p>
<p style="padding-left: 30px;">Which presupposes politicians already don&#8217;t have this interest, presumes it will get much worse, and last, but not least; for spending to have any affect at all, voters have to be swayed to vote against their interests.</p>
<p style="padding-left: 30px;">It seems the default assumption of every perceived risk these days is simply this:  there can never be too many laws when trying to protect people from themselves.</p>
<ul>
<li>CalTech researchers say the brain is wired for equality (<a title="Caltech Scientists Find First Physiological Evidence of Brain's Response to Inequality" href="http://www.nakedcapitalism.com/2009/11/guest-post-investor-psychology-fear-turns-people-into-sheep.html" target="_blank">here</a>):</li>
</ul>
<p style="padding-left: 60px;">&#8230;Specifically, the team found that the reward centers in the human brain  respond more strongly when a poor person receives a financial reward  than when a rich person does. The surprising thing? This activity  pattern holds true even if the brain being looked at is in the rich  person&#8217;s head, rather than the poor person&#8217;s&#8230;.</p>
<p style="padding-left: 30px;">Oddly enough, the Freakanomics blog posted this with little comment (<a title="This is Your Brain on Income Inequality" href="http://freakonomics.blogs.nytimes.com/2010/03/01/this-is-your-brain-on-income-inequality/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+FreakonomicsBlog+%28Freakonomics+Blog%29" target="_blank">here</a>) proving environmental factors such as working for the NY Times can affect even innovative economists.  I&#8217;ll admit there might be more, but from what they&#8217;ve shown, the results do not necessarily say anything about equality at all.  A perfectly reasonable answer is one of need: a rich person doesn&#8217;t need a windfall as much as a poor person.</p>
<p style="padding-left: 30px;">CalTech&#8217;s reasoning:</p>
<p style="padding-left: 60px;">&#8230;It&#8217;s long been known that we humans don&#8217;t like inequality, especially  when it comes to money. Tell two people working the same job that their  salaries are different, and there&#8217;s going to be trouble&#8230;</p>
<p style="padding-left: 30px;">Conflating the thinking that comes with social status and worth when compared to colleagues and equality of results.  It could be in a lot of cases, the person making less might think they work harder and deserve more, not equal.</p>
<ul>
<li>&amp; finally, via the Hill.  Did Nanci Pelosi really say <a title="Pelosi: GOP has had its day; confident Dems can pull together on health bill" href="http://thehill.com/homenews/house/84089-pelosi-gop-has-had-its-day-217-healthcare-votes-in-sight" target="_blank"><em>that</em></a></li>
</ul>
<p style="padding-left: 60px;">&#8230;&#8221;They&#8217;ve had plenty of opportunity to make their voices heard,&#8221; she said  on CNN&#8217;s &#8220;State of the Union&#8221; Sunday morning. &#8220;Bipartisanship is a  two-way street. A bill can be bipartisan without bipartisan votes.  Republicans have left their imprint.&#8221;&#8230;</p>
<p style="padding-left: 180px;">
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		<title>Knowing Your Goal</title>
		<link>http://detailedabstractions.com/2009/10/27/knowing-your-goal/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=knowing-your-goal</link>
		<comments>http://detailedabstractions.com/2009/10/27/knowing-your-goal/#comments</comments>
		<pubDate>Wed, 28 Oct 2009 02:05:02 +0000</pubDate>
		<dc:creator>Michael S. Langston</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Critical Thinking]]></category>
		<category><![CDATA[Attitude]]></category>
		<category><![CDATA[Focus]]></category>
		<category><![CDATA[Freakanomics]]></category>
		<category><![CDATA[goals]]></category>

		<guid isPermaLink="false">http://detailedabstractions.com/?p=306</guid>
		<description><![CDATA[Most people have heard of the saying, "attitude determines altitude", I while I'm in general agreement, I'd like to expand on it.  Not only does attitude matter in much or what we do and how we perceive the world, ensuring you are always focused towards the appropriate goals is another important part of this.

This point is proven in many day examples, but summed up well in the axiom "the customer is never wrong."  On it's face, we know this to be a fallacy.  Customers can clearly be wrong depending upon the circumstances and in many cases, the customer might be wrong through ignorance, but it's ok as it's your job to know more.]]></description>
			<content:encoded><![CDATA[<p>Most people have heard of the saying, &#8220;attitude determines altitude&#8221;, I while I&#8217;m in general agreement, I&#8217;d like to expand on it.  Not only does attitude matter in much or what we do and how we perceive the world, ensuring you are always focused towards the appropriate goals is another important part of this.</p>
<p>This point is proven in many daily examples, but summed up well in the axiom &#8220;the customer is never wrong.&#8221;  On it&#8217;s face, we know this to be a fallacy.  Customers can clearly be wrong depending upon the circumstances and in many cases, the customer might be wrong through ignorance, but it&#8217;s ok as it&#8217;s your job to know more.</p>
<p>What the axiom does say in a subtle way, is that arguing won&#8217;t help.  That even if you, the subject matter expert, are completely right, going too far to prove that can be counterproductive and potentially costly.</p>
<p>If however, your goal is customer education or customer service, instead of wanting to be right, you will instinctively not go too far.  This simple process of ensuring a focus on those base goals, instead of adding unnecessary complexities into those base goals, allows your actions to perceived in the correct light.  We humans just have those times where we think we&#8217;re being very smart by paying attention to all these high level ideals and complex strategies, when all we&#8217;ve truly done is lose sight of the basics.</p>
<p>In a wonderful example of how missing the base goal causes problems in not just decision making, but also in how people perceive you, we go to the <a title="Freakanomics" href="http://freakonomics.blogs.nytimes.com/" target="_blank">Freakanomics Blog</a>.  Steve Levitt and others worked on research that demonstrated that our current understanding of child-safety seats versus seat belts might be wrong (<a href="http://pricetheory.uchicago.edu/levitt/Papers/levitt_carseats_farsdata.pdf" target="_blank">here</a>).</p>
<p>This new research was quickly dismissed by Secretary of Transportation, Ray LaHood.  In Mr. Levitt&#8217;s recent blog post in reference to the dismissal, he wondered why such a defensive reply is child safety is paramount (blog post <a title="What the Secretary of Transportation Has to Say About My Car Seat Research" href="http://freakonomics.blogs.nytimes.com/2009/10/27/what-the-secretary-of-transportation-has-to-say-about-my-car-seat-research/" target="_blank">here</a>):</p>
<p style="padding-left: 30px;">&#8230;My favorite quote from the secretary:</p>
<p style="padding-left: 30px;">“Now, if you want to slice up the data to be provocative, have at it. As a grandfather and as secretary of an agency whose number one mission is safety, I don’t have that luxury.”</p>
<p style="padding-left: 30px;">Reading the Secretary’s blog post, it strikes me just how differently he is reacting to a challenge than <strong>Arne Duncan</strong> (now the Secretary of Education) did when I first told him about my work on teacher cheating when Duncan was in charge of the Chicago Public Schools. I expected Duncan to do what LaHood did: dismiss the findings, circle the wagons, etc. But Duncan surprised me. He said that all he cared about was making sure the children were learning as much as possible, and teacher cheating was getting in the way of that. He invited me into a dialogue, and we ultimately made a difference.</p>
<p>In all fairness, I know very little about Mr. LaHood.  This might not be his normal reaction.  It might have been a bad day or bad week or bad year in the Dept or Transportation.</p>
<p>Having said that, I submit that Mr. LaHood&#8217;s move into a defensive posture such as this can be further reduced by simply reminding himself of the goal.  In his case, child safety.</p>
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