The cost of Twelve Days of Christmas: $34,363.49

If you’ve been stuck at the mall listening to a song about ten Lords a-Leaping and eight Maids a-Milking you can blame the Jesuits. Rumor has it they invented the Twelve Days of Christmas song as a catechism in code for persecuted Catholics in 16th-century England. Continue Reading...

Beware the post-election narratives

In his best-selling book The Black Swan, probabilist Nassim Nicholas Taleb warns against the need for easy narratives to explain the unexpected. Given how unexpected the result of this Tuesday’s election was, it is worth taking some time to review what Taleb calls “the narrative fallacy.” Continue Reading...