Posts tagged: Kenneth Arrow

  • 2d7b5db40a6ddfce5c8abc222cb4978b

    Should we use polls or magic 8 balls? – part 2 of 2

    In the previous post, we introduced (or re-introduced, for those who were already aware), the earth shattering discovery from economist, Kenneth Arrow: “Aggregating individual preference data forfeits logical consistency.” But the venerable Mr. Arrow, after receiving his Nobel Prize in Economics, promptly went back to the U.S. with his award and his check, and didn’t… Read more »

  • trumpnixon3c

    Should we use polls or magic 8 balls? Part 1 of 2

    In a recent broadcast, the delightful Stephen Colbert, host of the Late Show, after lamenting and mourning the outcome of the U.S. presidential election, remarked: “And what’s with the inaccuracy of the polls? How can we possibly trust them when they were so wrong! One might as well use magic 8 balls and Ouija boards… Read more »