Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. If Ed Kilgore can steal an old post of mine about the whole “statistical tie” fallacy ...

Paul Krugman recently accepted a position at an income inequality institute at the City University of New York (CUNY). According to a public records request (first reported by Gawker), Krugman will be ...

The zero-sum fallacy is the idea that there is a fixed pie and if one person gets more that means the other person gets less. This is the way most people think about negotiation, but it couldn't be ...

This has always bothered me and it came up again in Bad Monkey's trading/gambling thread.<BR><BR>The question is simple--if you believe that after 5 "heads" tosses of a fair coin the 6th toss is more ...

A senior government statistician said on Wednesday that the increase in the official number of low-income households is a result of government efforts to expand welfare coverage to more people.

“It is impossible to approach the gambling table without becoming infected with superstition,” writes Alexei Ivanovich, the Russian tutor in Dostoyevsky’s powerful novella The Gambler. Even Alexei’s ...