Quote of the Day - Madiba
I was seven years old, and on the day before I was to begin, my father took me aside and told me that I must be dressed properly for school. Until that time,...
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Asimbonanga (Mandela)
Asimbonanga (We have not seen him) Asimbonang' uMandela thina (We have not seen Mandela) Laph'ekhona (In the place where he is) Laph'ehleli khona (In the...
McDermott and Shleifer double-team Taleb and Kahneman
Not really. But I did enjoy reading the following passage from Andrei Shleifer’s review of Daniel Kahneman’s (superb) Thinking, Fast and Slow. To give contex...
Why economists love auctions
Some background first: South Africa’s power market is utterly dominated by (a) coal and (b) Eskom, the parasitical parastatal monopoly. In a bid to encourage...
Bad science: Paleo diet edition
A while ago, I wrote a post praising the scientific approach that advocates of the paleo diet</a> appeared to be adopting in arguing their case. In par...