tag:blogger.com,1999:blog-13575764.post3293311828813658944..comments2007-12-11T08:30:01.579-08:00Anshu Sharmahttp://www.blogger.com/profile/16808179818443881370noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-13575764.post-1983868664353397232007-12-09T13:50:00.000-08:002007-12-09T13:50:00.000-08:00Ouch, now I'm 68.7 % sure that you're above arguments on average, Nick, you got my support now!sighttp://www.blogger.com/profile/16302972665747938675noreply@blogger.comtag:blogger.com,1999:blog-13575764.post-55055533676470984922007-12-09T13:20:00.000-08:002007-12-09T13:20:00.000-08:00Now, Taleb is one of my favorite authors but don't bring him into this food fight. Clearly, 50% that are below the (median) average wouldn't understand and the 50% that are above shouldn't mind.<BR/><BR/>Also, do you realize you are supporting genocide by being on the other side of my argument. How do you sleep at night?Anshu Sharmahttp://www.blogger.com/profile/16808179818443881370noreply@blogger.comtag:blogger.com,1999:blog-13575764.post-4647678131335314692007-12-09T13:08:00.000-08:002007-12-09T13:08:00.000-08:00oops, afraid you walked into a classic trap on the "50% of americans are below average". <BR/><BR/>Not necessarily so, average usually meaning arithmetic mean, and the distribution can be skewed. <BR/><BR/>Taleb used a good example: <BR/>A population of 10; 9 have income of 40 k and one have 1 k -> mean is: (9*40+1)/10 = 36,100. In that case only 10% is below average...<BR/><BR/>Have to keep your arguments sharp in a good blog-fight you know ;)<BR/><BR/>(Double oops actually, my fist effort was slightly off in the calculation, thus a second try... slap on own fingers)sighttp://www.blogger.com/profile/16302972665747938675noreply@blogger.com