09 SEP 2016 by ideonexus

 How Insular Media Protects Itself

One of the chief problems, Sykes said, was that it had become impossible to prove to listeners that Trump was telling falsehoods because over the past several decades the conservative news media had “basically eliminated any of the referees, the gatekeepers.” “There's nobody,” he lamented. “Let's say that Donald Trump basically makes whatever you want to say, whatever claim he wants to make. And everybody knows it's a falsehood. The big question of my audience, it is impossible for...
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24 DEC 2013 by ideonexus

 The Web of Causation

...complex systems, such as financial markets or the Earth’s biosphere, do not seem to obey causality. For every event that occurs, there are a multitude of possible causes, and the extent to which each contributes to the event is not clear, not even after the fact! One might say that there is a web of causation. For example, on a typical day, the stock market might go up or down by some fraction of a percentage point. The Wall Street Journal might blithely report that the stock market move...
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Nigel Goldenfeld explains why the simplistic explanations for market movements so popular in the news media are also so ridiculous.