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    websiteHopping Mad about the Financial Crisis

    By admin | February 1, 2012

    Some cool website images:

    Thank you for your attention,news book blog: new computer technology ,Not’s about Best Small Camera.

    Refinement :

    Hopping Mad about the Financial Crisis
    2861548302 1af53fd5f6 websiteHopping Mad about the Financial Crisis

    Image by jurvetson
    Nassim Nicholas Taleb was challenged to define a Black Swan, while standing on one foot.

    But today: "My outrage is aimed at the scientist-charlatan putting society at risk using statistical methods. This is similar to iatrogenics, the study of the doctor putting the patient at risk."

    The financial markets today provided a timely context for the release of his new essay –
    A Map of the Limits of Statistics:

    "The banking system, betting against rare events, just lost over 1 Trillion dollars (so far) on a single error, more than was ever earned in the history of banking".

    The Domains on screen are very different… Some notes I took while reading his book:

    • Mediocristan
    Collective, routine, obvious
    Services – paid by the hour
    gravity – body shapes, mountains
    Bell curve, Poisson, Gaussian
    Ignore outliers
    Large numbers
    Regression to mean
    Black-Scholes

    • Extremistan
    Singular, accidental, unseen
    Book sales, websites, wealth, population of cities, languages, size of companies, financial markets
    Pareto Optimal, 80/20 -> 50/1
    Power laws, scale free, preferential attachment
    Economics – winner take all, network effects
    Technology – network effects, Moore’s Law, accelerating change

    These are useful by me!,news book blog: Computer Technology ,Not’s about what is a pod?.

    Beautiful:

    Princesses of pop♫ ♫♪♫♫♪ ♫[Erin & Lauren]
    2138821843 8a29c1a3ac websiteHopping Mad about the Financial Crisis

    Image by † Jimmy MacDonald †
    Our after dinner entertainers on Christmas day, were the two legendary guitar virtuosos the one & only… ‘Princesses of Pop’
    Songs included a lot of their ‘golden oldie’ stuff plus some clasical, rap and 3 of their most recent ‘hit singles…. ‘Baa baa black sheep, twinkle twinkle little star & I’m the king of the castle your the dirty wee rascal’. All the dinner guests joined in singing along with to their songs.

    Erin: Her cheerleading dance

    My other Flickr Sites: Jimmy MacDonald [2] Jimmy MacDonald [3]

    My Website: Jimmy MacDonald’s Website

    My YouTube Chanel: Jimmy MacDonald’s YouTube

    My Blog: Profiles Blog

    My Flickr Group Photos: Christians in Prayer & Worship

    Guestbook: View/Sign Guestbook

    Photo Guestbook: View/Sign Photo Guestbook

    Some cool website images:

    Welcome to my blog,In the blog: new computer technology ,Not’s about blog technique.

    Beautiful:

    My ✡Tallit✡ & ✡Kippa✡
    807455805 b16ef41432 websiteHopping Mad about the Financial Crisis

    Image by † Jimmy MacDonald †
    I bought my ✡Tallit ✡ from www.bennyhinn.org and my ✡Kippa✡ from a local synagogue in Glasgow. I like the thought of when I spend time… personal private time with God in prayer I am literally wrapped in God’s Word.

    Numbers 15:37-40 (NIV)
    [Tassels on Garments:]
    …"Speak to the Israelites and say to them: Throughout the generations to come you are to make tassels on the corners of your garments, with a blue cord on each tassel. You will have these tassels to look at and so you will remember all the commands of the LORD, that you may obey them and not prostitute yourselves by going after the lusts of your own hearts and eyes…".

    Pray for the peace of Jerusalem: they shall prosper that love thee. … [Psalm 102:6 KJV]

    And I will bless them that bless thee, and curse him that curseth thee: and in thee shall all families of he earth be blessed. [Genesis 12:3 KJV]

    *Scotland is the only European country [to my knowledge] which has no history of state persecution of Jews, and I’m so glad about this*.

    Watch Video When Scotland was Jewish.
    ————————————————————————–

    My other Flickr Sites: Jimmy MacDonald [2] Jimmy MacDonald [3]

    My Website: Jimmy MacDonald’s Website

    My YouTube Chanel: Jimmy MacDonald’s YouTube

    My Blog: Profiles Blog

    My Flickr Group Photos: Christians in Prayer & Worship

    Guestbook: View/Sign Guestbook

    Photo Guestbook: View/Sign Photo Guestbook

    About website,news book blog: new computer technology ,Not’s about blog technique.

    Refinement :

    American Southwest, in Passing
    4588054365 50c9698f93 websiteHopping Mad about the Financial Crisis

    Image by cobalt123
    While driving east on Highway 89, this landscape near the Painted Desert is photographed from the open passenger window.

    Please read this quotation from Ruskin about looking up at the open sky:
    cloudappreciationsociety.org/ruskin/
    It is from the website of one of my favorite groups in flickr.

    No, I was not the driver, LOL! Thanks to Mark for letting me try shooting photos through all the windows of his car while he was driving along on our way to Coal Mine Canyon. Mark’s theory is that the red tone in the clouds was caused by the red soil and rocks reflecting up onto the clouds. Seemed like that could be right, as we were in a marvelous area near the Painted Desert. The light was spectacular from the quickly-changing weather conditions. We’d just come out of a snow flurry in Flagstaff and had a tiny bit of rain here and there until we found beautiful skies northeast of here.

    Topics: Web Technologies | 30 Comments »

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    30 Responses to “websiteHopping Mad about the Financial Crisis”

    1. aeroculus Says:
      February 1st, 2012 at 9:59 am

      mediocristan:
      gradualism in evolution (evo by creeps)

      extremistan:
      punctuated equilibrium (evo by jerks)

    2. Peter-Duke Says:
      February 1st, 2012 at 10:15 am

      extremistan: Bose–Einstein condensate ???

    3. AcroYogi Says:
      February 1st, 2012 at 11:00 am

      aeroculus — genius! :)

    4. Apollo 11 Says:
      February 1st, 2012 at 11:49 am

      Take a theater full of people. Do a statistical analysis on all the characteristics that you can think of to describe those people. For the most part, the individuals will be weakly correlated on most things, except perhaps their choice of movies.

      Now yell fire.

      All of these uncorrelated people run to the exits en masse, some get hurt, some may be trampled in the panic. The only thing these people have in common is their desire to live.

      All chaotic systems and dynamic equilibriums, like capitalism, have a tipping point, when small correlations are amplified and lead to results that cannot be described by a statistical analysis of the ensemble — a Butterfly Effect.

      The challenge is how to run a business, how to live your life, within the context of this reality.

    5. Wonderlane Says:
      February 1st, 2012 at 12:39 pm

      Hi, I’m an admin for a group called You Don’t Have to be Rich to be Wealthy, and we’d love to have this added to the group!

    6. jurvetson Says:
      February 1st, 2012 at 1:26 pm

      Apollo11: Jaron Lanier just posted a similar critique of the wisdom of crowds and a further generalization of contexts:

      "This is a superb piece and I hope it is widely read and taken to heart in Wall Street, Silicon Valley, and Washington. All these centers of power and creativity are drowning in illusions brought about by thunderous misuses of statistics that have become implacably seductive only with the recent availability of vast, connected computer resources.

      Taleb addresses finance, but similar madness has appeared in connection with:

      • Science, where it has been proposed that statistics in the computing cloud can and should replace the process of understanding within a scientist’s brain

      • Arts, where it has been proposed that "big n" business models should replace taste, artistic voice, or the idea of "artist" as profession

      • Education, where it has been proposed that wikis can do better than textbooks and teachers

      • Journalism, where many believe blogs, Twitter streams, wikis, and so on can do better than reporters in the mold of Woodward and Bernstein

      • Technology, where it has been proposed that an uncannily smooth historical determinism is in charge, propelling us to the Singularity.

      There are many other examples. What is discouraging is that the complete failures of all these claims have only bolstered the faith of the seduced believers."

      from http://www.edge.org/documents/archive/edge258.html#rc

    7. simply innocuous Says:
      February 1st, 2012 at 2:08 pm

      Did he discuss that the current financial crisis, though reported as a problem with mortgage backed securities, really was only tipped by them. Mortgage backed securities can be unscrambled back to the original loans which are backed by real estate, even if the only value there is a pile of mold-prone gypsum board. However, the other instruments financial firms have, the intertwined web of promises, have no intrinsic value. "Value" is nothing but empty promises. Including short-term commercial paper, this weekend’s reported problem.
      How did Taleb bet against this to make money for his clients?

    8. † Jimmy MacDonald † Says:
      February 1st, 2012 at 2:17 pm

      webstats software

    9. dm144 Says:
      February 1st, 2012 at 2:42 pm

      Very cute! Merry Christmas to you and yours!

    10. † Jimmy MacDonald † Says:
      February 1st, 2012 at 3:00 pm

      Thank you!
      ♥╬♥ † Nollaig Chridheil † agus Bliadhna Mhath Ur.

    11. Kimberly Lynn Says:
      February 1st, 2012 at 3:31 pm

      Hi, I’m an admin for a group called Princes And Princesses, and we’d love to have this added to the group!

    12. Kimberly Lynn Says:
      February 1st, 2012 at 3:42 pm

    13. † Jimmy MacDonald † Says:
      February 1st, 2012 at 4:17 pm

      Thanks Kimberly. for the comment/animate gif etc. I’ll tell/show my granddaughters that you requested their photo to your Princes and Princesses Group, they’ll be chuffed at that. Thanks

    14. roso.chingakham Says:
      February 1st, 2012 at 5:08 pm

      is cute

    15. † Jimmy MacDonald † Says:
      February 1st, 2012 at 5:38 pm

      webstats software

    16. RachelDeet Says:
      February 1st, 2012 at 5:54 pm

      Fantastic shot. :)

    17. doyouremembersecretbars Says:
      February 1st, 2012 at 6:20 pm

      I like the thought of when I spend time… personal private time with God in prayer I am literally wrapped in God’s Word.

      I like the way you think Jimmy. :-)

    18. carolfoasia Says:
      February 1st, 2012 at 7:06 pm

      Beautiful shot. I found it while meditating on Numbers 15 this morning!

    19. † Jimmy MacDonald † Says:
      February 1st, 2012 at 7:23 pm

      Thanks! I take it you had a really ‘blessed’ morning, then!!!

    20. JOSE MARIA GUIZAN Says:
      February 1st, 2012 at 7:42 pm

      Amazing landscape, my friend….Those clouds are beautiful….Greetings.

    21. Artista Says:
      February 1st, 2012 at 8:13 pm

      wonderful sky BJ !!!

    22. kevin dooley Says:
      February 1st, 2012 at 8:57 pm

      oooh i want to be in painted desert right now… where’s my transport machine…

    23. ScenicSW Says:
      February 1st, 2012 at 9:49 pm

      Hi, I’m an admin for a group called SOUTHWEST SKYSCAPES, and we’d love to have this added to the group!

    24. AmpamukA Says:
      February 1st, 2012 at 10:45 pm

      Beautiful capture .
      Have a great weekend :D

    25. cbettsphotography Says:
      February 1st, 2012 at 11:15 pm

      wow, beautiful clouds

    26. Orient Sea Says:
      February 1st, 2012 at 11:49 pm

      Woderful clouds! Great perspective!
      Have a wonderful sunday!

    27. _minette Says:
      February 1st, 2012 at 11:54 pm

      Fabulous cloudscape!

    28. rubytuesday2010 Says:
      February 1st, 2012 at 11:57 pm

      Superb shot

    29. mark willocks Says:
      February 2nd, 2012 at 12:08 am

      It IS my theory and I’m sticking to it! ;-)

    30. lookseeseen Says:
      February 2nd, 2012 at 12:59 am

      beautiful..

    Comments