This post is inspired by the recent discussion I had with IlyaShpitser and Vaniver on EDT. A random variable only ever has one value In probability theory, statistics and so on, we often use the notion of a random variable (RV). If you go look at the definition, you will...
I just read an article on Steven Novella's NeurologicaBlog on temporal binding, a cognitive bias I hadn't seen before: > Temporal binding is a phenomenon that reinforces that assumption of cause and effect once we have linked two events causally in our minds. The effect biases our memory so that...
I just came across a paper that shows that hyperbolic discounting is the right thing to do when future discount rates are uncertain. Here is a link to the paper: Hyperbolic discounting is rational: Valuing the far future with uncertain discount rates by J. Doyne Farmer and John Geanakoplos And...