New research exposes the 'glass floor' in British society - Press releases - GOV.UK

New research exposes the 'glass floor' in British society - Press releases - GOV.UK

Police Cameras: Still a Bad Idea - Bloomberg View

Do the positive elements outweigh the downside risks?

Do more control trials, do not just speculate with priors.



Police Cameras: Still a Bad Idea - Bloomberg View

Symmetric Information Won't Be Perfect | Cato Unbound

Symmetric Information Won't Be Perfect | Cato Unbound

▶ Nobody's Invincible - YouTube

Great ad.

▶ Nobody's Invincible - YouTube

Is it better to play it safe or to place bets that risk bankruptcy? - FT.com

Is it better to play it safe or to place bets that risk bankruptcy? - FT.com

Tsunami Caught Japan's Nuclear Industry Off Guard - NYTimes.com

Tsunami Caught Japan's Nuclear Industry Off Guard - NYTimes.com:

Normal accidents.

"Tsuneo Futami, a former Tokyo Electric nuclear engineer who was the director of Fukushima Daiichi in the late 1990s. “When I headed the plant, the thought of a tsunami never crossed my mind.”"

And the Onion chimes in:

Nuclear Energy Advocates Insist U.S. Reactors Completely Safe Unless Something Bad Happens

The Unknown Unknowns

The Gulf Oil Leak—Posner - The Becker-Posner Blog: "It would be nice to be able to draw up a complete list of disaster possibilities, rank them by expected cost, decide how much we want to spend on preventing each one, and proceed down the list until the total cost of prevention equals the total expected cost averted. But that isn't feasible. Many of the probabilities are unknown. The consequences are unknown. The costs of prevention and remediation are unknown"

If something seems to good to be true...

It probably is.
In life and in finance.
Says Andrew Lo
Be Wary of Serial Correlation | The Big Picture

And said Barron's in 2001