How children update their priors

Alternate title: Visualization of a child’s perception of his parents over time (h/t: @pickover)

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Six biased coins

How do you create a biased coin? With pliers!

Via Mike Izbicki, who teaches mathematics at Claremont McKenna College (CMC), coin “0” pictured above is unbiased, but coins 1 through 6 were bent to various degrees using a pair of pliers. Professor Izbicki conducted Bernoulli trials on all seven coins, tossing each one 100 times. Below are his raw results:

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Prof Izbicki wrote up his mathematical analysis of these results here. In brief, his ultimate conclusion is as follows: “Amazingly, it takes some pretty big bends to make a biased coin. It’s not until coin 3, which has an almost 90 degree bend that we can say with any confidence that the coin is biased at all. People might notice if you tried to flip that coin to settle a bet!

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Why isn’t Daniel Pantaleo behind bars?

Daniel Pantaleo is the racist police officer who was caught on video using excessive force (an illegal chokehold) against Eric Garner five years ago. Although Pantaleo’s excessive use of force led to Mr Garner’s death, in order to be charged with a felony under New York law one has to be formally indicted by a grand jury, something the Staten Island grand jury in the Eric Garner case unjustly refused to do. Grand jury proceedings are conducted in secret, so we have no way of knowing the real reason why Pantaleo was let off the legal hook. In any case, this analysis begs the question, Why hasn’t Pantaleo faced any federal charges yet?

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The problem with Universal Basic Income (UBI) schemes

How would we pay for these Utopian schemes? Here is one possibility: What if we just eliminated all military spending and Social Security, Medicare, and Medicaid entitlements and used those monies to finance a UBI for the USA? Let’s do the math: $2.4 trillion (see chart below) divided by 327 million (the current population of the USA) would come to about $7,333.00 per year for every man, woman, and child in the U.S. So, assuming we had the political will to eliminate all social entitlements and military spending (which, alas, we don’t), the deeper problem with UBI is this: is $7,333.00 per person per year too little, or too much?
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Source: Congressional Budget Office

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Meet the Waltons: the world’s wealthiest family

The world’s wealthiest family are the third-generation heirs of Sam Walton. Collectively, they own a 50% stake in Walmart. More mind-boggling are these numbers from this recent Bloomberg report: the members of the Walton clan are so wealthy they amass $100 million per day or $4 million per hour or $70,000 per minute! At this astronomical rate, their family fortune will have grown over $20,000 since you began reading this blog post. (A new Walmart employee in the U.S., by contrast, will have made about 6 cents in that time, based on an $11 per hour wage.) We blogged about the significant social benefits of Walmart a week ago, and we also noted that Walmart is the largest US company by revenue and by number of employees, so the great wealth of the “House of Walton” should not be surprising to us. Our only question is: who owns the other 50% of Walmart? Update (8/23): here are some of the projects that some of the third-generation Waltons are investing in.

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Image credit: Bloomberg

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Visualization of 11 years of bestseller book covers, arranged by visual similarity

This interactive and zoomable graphic is available here. Hat tip: @kottke.

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The politics of prediction

Check out this survey and interactive report by Sahil Chinoy, a graphics editor for The New York Times. According to Mr Chinoy, how you answer a handful of questions is very likely to determine your political affiliation. Putting aside the unreliability of “self-reports” and social-science surveys generally (people lie!), can you guess what these “handful of questions” are? The visualization of Mr Chinoy’s survey results below should provide some clues:

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Image credit: N.Y. Times

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