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Economics/Business

Wednesday, August 5, 2015. Lies, Damned Lies, and Statistics. Let's start with a simple example. Did you know that approximately 69% of all accidents happen within 10 miles of the home? Wow, driving within 10 miles of your home must really be unsafe! But wait. where do you drive probably 99% of the time? If we assume this to be the case, now here's where things get interesting. Well, it's 1 out of 100. Now, given that one car is yellow, what is the likelihood the other car is red? This isn't a statistic ...

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Wednesday, August 5, 2015. Lies, Damned Lies, and Statistics. Let's start with a simple example. Did you know that approximately 69% of all accidents happen within 10 miles of the home? Wow, driving within 10 miles of your home must really be unsafe! But wait. where do you drive probably 99% of the time? If we assume this to be the case, now here's where things get interesting. Well, it's 1 out of 100. Now, given that one car is yellow, what is the likelihood the other car is red? This isn't a statistic ...

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Economics/Business | nreconbus.blogspot.com Reviews

https://nreconbus.blogspot.com

Wednesday, August 5, 2015. Lies, Damned Lies, and Statistics. Let's start with a simple example. Did you know that approximately 69% of all accidents happen within 10 miles of the home? Wow, driving within 10 miles of your home must really be unsafe! But wait. where do you drive probably 99% of the time? If we assume this to be the case, now here's where things get interesting. Well, it's 1 out of 100. Now, given that one car is yellow, what is the likelihood the other car is red? This isn't a statistic ...

INTERNAL PAGES

nreconbus.blogspot.com

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Economics/Business: May 2015

http://nreconbus.blogspot.com/2015_05_01_archive.html

Thursday, May 14, 2015. Now, my friend argues that train travel is cheaper than plane travel. Which it is. But plane travel is significantly faster. So it really comes down to efficiency. And when we calculate efficiency, just like yesterday with Clash of Clans, we need a way of valuing things. Now, let's calculate if travel by train or plane is better. 375 hours train / 0.75 hours plane) * $35 dollars / train = $175 dollars plane. Let's take a slightly longer trip, say Portland to San Francisco. Plane: ...

2

Economics/Business: March 2015

http://nreconbus.blogspot.com/2015_03_01_archive.html

Monday, March 30, 2015. Don't Time the Market. I downloaded the daily market data for the S&P 500 from January 3rd, 1950 to March 27th, 2015. I then calculated the difference between the closing value from one day to the subsequent day, then used some Excel functions to identify momentum (If the market went down one day, did it go down again the following day? If it went up one day, did it go up again the next day? There have been better studies out there showing what happens if you miss the five best da...

3

Economics/Business: April 2015

http://nreconbus.blogspot.com/2015_04_01_archive.html

Tuesday, April 14, 2015. Hidden Costs in Business. With that being said, I'm actually a very functional person on vicodin. Think Dr. House from the TV show, except I'm far more charismatic. A few people I've told this story to have actually asked me, how is this not a cost-neutral policy. There were two positives I identified:. 1 On a personal level, being a recipient of PTO allows you to not take unpaid time off, further compounding the emergency. 2 On a company level, having the policy will allow peopl...

4

Economics/Business: Boss vs. Leader

http://nreconbus.blogspot.com/2015/06/boss-vs-leader.html

Wednesday, June 24, 2015. Boss vs. Leader. So this isn't what I originally planned to post about a while back, and I didn't even write a post when I said I would. But lately work has me at the breaking point. Part of me knows I'm probably exaggerating the way I feel and blowing up relative non-issues, but here's how I feel about things. I don't necessarily mind doing these things. It is my job to do so. But what I don't really appreciate is being ordered to do the most mind-numbing, menial tasks ...But w...

5

Economics/Business: Been A While

http://nreconbus.blogspot.com/2015/06/been-while.html

Thursday, June 11, 2015. So my business is going to be audited next week (a regular occurrence, not a random surprise so nothing to be concerned about). With that audit coming up, things have been quite hectic. But I have a new post that I will be writing tomorrow that hopefully will be interesting. Subscribe to: Post Comments (Atom). I like economics and personal finance, and enjoy helping others learn the basics. View my complete profile. Boss vs. Leader. Simple theme. Powered by Blogger.

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Thoughts on life: July 2014

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Thursday, July 31, 2014. My delving into Economics (with a lot of help). Since he has some great ideas about what is not only wrong with our current economic climate, but also what the average American can do to gain a slice of the ever growing pie, Nick has written some blog posts ( NREconBus.blogspot.com. I - and on behalf of Nick - want to stress that ALL investing means ownership and understanding of inherent risk). How Banks work, just not for you:. To show why, first we need to understand a little ...

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nreconbus.blogspot.com

Economics/Business

Wednesday, August 5, 2015. Lies, Damned Lies, and Statistics. Let's start with a simple example. Did you know that approximately 69% of all accidents happen within 10 miles of the home? Wow, driving within 10 miles of your home must really be unsafe! But wait. where do you drive probably 99% of the time? If we assume this to be the case, now here's where things get interesting. Well, it's 1 out of 100. Now, given that one car is yellow, what is the likelihood the other car is red? This isn't a statistic ...

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