Bayesian billiards

This simple thought-experiment appears in the first draft of our latest paper:

Imagine a large square table [like the one pictured above] so level that any billiard ball thrown upon the table has an equal chance of landing on any part of the table. Also, imagine yourself blindfolded so that you cannot see the surface of the table. Now, imagine yourself asking a friend to throw or toss a cue ball onto the table. Your task in this thought experiment is to guess where the cue ball had landed … How would you make this guess without looking at the table (and without asking your friend to tell you where the cue ball is located)? 

One possible solution, the Bayesian solution, is to ask your friend to throw a second billiard ball onto the table and then asking him to tell you whether the second ball landed to the right or left of the cue ball. If the second ball landed to the left of the cue ball, for example, then the cue ball is more likely to sit toward the right half of the table. In order to improve your guess, you should ask your friend to repeat this procedure many times, throwing n number of balls onto the table and reporting the relative location (i.e. left or right) of each subsequent ball in relation to the cue ball. Eventually, given a sufficiently large n, you should be able to narrow down the actual location of the cue ball …

Notice, though, that for Bayes’ solution-method to work the way Bayes himself intended, your friend must by willing to accurately and truthfully report the relative location of each subsequent ball thrown onto the table. That is, there is an implicit assumption in Bayes’ original thought-experiment–that the observer or information sender is always telling the truth … and it is this assumption that we wish to challenge here.

Our paper is titled “Bayesian manipulation of legal outcomes.” Can you see a direct analogy between Bayes’ thought-experiment and litigation generally? (Image of the square pool table courtesy of math.nyu.)

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Complexity versus simplicity

Explain this:

1. The official rules of America’s pastime consist of 119 singled-spaced pages.

2. The official laws of the beautiful game, by contrast, take up less than 50 pages.

Why are the rules of baseball so much more complicated than the rules of soccer? Is there any testable cultural explanation for this disparity?

 

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Foreign substances

When Yankees’ pitcher Michael Pineda was ejected last night at Fenway Park for openly using a “foreign substance” to get a better grip on the baseball, the Red Sox batter he was facing (Grady Sizemore) was openly wearing a pair of black batting gloves … presumably to get a better a grip on the bat. So why was only one player ejected by the umpire (and suspended 10 games by Major League Baseball)? Does this double-standard make any sense?

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Spontaneous Order

This example of spontaneous order in Ethiopia is amazing. Can you think of any other such examples? Hat tip to Digg.

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More evidence that applied economics is not a science …

Economists still can’t agree on whether High Frequency Trading (HFT) is good or bad.

Dude, where’s my trade?

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Is Google Glass Evil?

On balance, is Google Glass a good thing or bad thing? (Isn’t it both?) Either way, do we really need this product? More importantly, should markets decide these key questions or law/politics?

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Fair or foul?

What unwritten rule or social norm did Brewers’ slugger Carlos Gomez violate in this at-bat?

Addendum: Major League Baseball decided not to impose any suspension on Pirates’ pitcher Gerrit Cole (not even a token one-game suspension), even though he was the player who started the confrontation that lead to the brawl. Shouldn’t MLB have suspended Mr Cole for at least one game?

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Let’s get real: teams with losing records should not be in the playoffs

The Atlanta Hawks have a losing record this season (38-44), but they are still in the NBA playoffs because they happen to have the eighth best record in the weak Eastern Conference. This is totally ridiculous and lame, right? Why not kick the Hawks out of the playoffs (after all, they have a losing record) and give the #1 seed Indiana Pacers a bye for the first round of the playoffs? Also, note that by giving the top seed in Eastern Conference a bye this season, the Miami Heat might have played harder to win the #1 seed.

Pardon our all-around suckiness …
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“Living with Water Scarcity”

That is the title of David Zetland’s latest book. In David’s words:

Do you worry that there is not enough water for people, the economy, and environment? Do you wonder if the water in our taps and rivers is safe or polluted? Do you want to know if farmers waste water, utilities charge too much, or bottled water destroys ecosystems? You’re not alone in asking questions. The headlines say “drought, pollution, conflict and insecurity,” but the stories offer few solutions. “Living with Water Scarcity” clarifies the connections among personal and social water flows in an accessible style. It describes the origins and costs of water scarcity and explains how to address it with fair and pragmatic policies. You and your community can live with water scarcity — just manage water as the precious resource it is.

In other words (spoiler alert!), water must be priced in such a way as to reflect its underlying scarcity, just like any other scarce commodity. To learn more about David’s new water book, check out his eight-minute video introduction in which he explains his economic approach to water scarcity (see YouTube video above), or if you prefer, spend those eight minutes checking out his cool and informative website aguanomics.

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El Gabo ha muerto …

Did you know Gabriel Garcia Marquez almost became a lawyer instead of a writer? Thank goodness he decided to follow his heart and write for a living. Here is a synopsis (in Spanish) of one of our favorite stories by el Gabo, News of a kidnapping. (The images in the video speak for themselves and the musical background is in English, so check it out anyways.)

!Que viva el Gabo y su obra!

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