Regression to the Mean

Praise, Punishment, & Regression to the Mean

Regression to the mean is seriously underrated. In sports, stock market funds, and biological trends like generational height differences, regression to the mean is a powerful, yet misunderstood phenomenon. A rookie athlete may have a standout first year, only to perform less spectacularly the following year. An index fund may outperform all others one year, … Continue reading Praise, Punishment, & Regression to the Mean

Problem Solving to Fit the World

In The New Localism┬áBruce Katz and Jeremy Nowak argue that political decision-making, solutions to complex problems, and innovations in progress and economic development occur more at the local level than at the national level in the world today. Their argument is that national politics is complex and cumbersome, with too many large and disconnected voices … Continue reading Problem Solving to Fit the World