2013-12-04 Headlines from a Mathematically Literate World

Headlines from a Mathematically Literate World

Posted on 

Our World: Market Rebounds after Assurances from Fed Chair
Mathematically Literate World: Market Rebounds after Regression to the Mean

Our WorldFirm’s Meteoric Rise Explained by Daring Strategy, Bold Leadership
Mathematically Literate WorldFirm’s Meteoric Rise Explained by Good Luck, Selection Bias

Our WorldGas Prices Hit Record High (Unadjusted for Inflation)
Mathematically Literate WorldGas Prices Hit Record High (In a Vacuous, Meaningless Sense)

Our WorldPsychologists Tout Surprising New Findings
Mathematically Literate WorldPsychologists Promise to Replicate Surprising New Findings Before Touting Them

Our WorldAfter Switch in Standardized Tests, Scores Drop
Mathematically Literate WorldAfter Switch in Standardized Tests, Scores No Longer Directly Comparable

Our WorldControversial Program Would Cost $50 Million in Taxpayer Money
Mathematically Literate WorldControversial Program Would Cost 0.0001% of Taxpayer Money

Our WorldProposal Would Tax $250,000-Earners at 40%
Mathematically Literate WorldProposal Would Tax $250,000-Earners’ Very Last Dollar, and That Dollar Alone, at 40%

Hmmm… to start, picture a simplified two-tax-bracket world, where income below $250k is taxed at 10%, and income above $250k is taxed at 40%.

If you earn $250k, all your income is taxed at 10%, so you pay $25k.

But if you earn $250,001, you don’t pay 40% on ALL the income. You only pay 40% on that last dollar earned. So your total tax is $25,000.40.

In our real tax system, the rate for income below $250k is much higher than 10%. But the principle is the same. Raising taxes on income above $X won’t affect you very much at all if you make only a little more than $X.

Our WorldPoll Finds 2016 Candidates Neck and Neck
Mathematically Literate WorldPoll Finds 2016 Predictions Futile, Absurd

Our WorldOne Dead in Shark Attack; See Tips for Shark Safety Inside
Mathematically Literate WorldOne Dead in Tragic, Highly Unlikely Event; See Tips for Something Useful Inside

Our WorldLocal Heat Wave Seen as Sign of Global Warming
Mathematically Literate WorldLocal Heat Wave Not Seen as Meaningful Indicator of Global Trends

Our WorldVeteran Baseball Player Enjoys Breakout Month
Mathematically Literate WorldVeteran Baseball Player Enjoys Transient Good Fortune

Our WorldMarket Share for Electric Cars Triples
Mathematically Literate WorldMarket Share for Electric Cars Rises to 0.4%

Our WorldStill No Scientific Consensus on Global Warming
Mathematically Literate WorldStill 90% Scientific Consensus on Global Warming

Our WorldRates of Cancer Approach Historic High
Mathematically Literate WorldRates of Surviving Long Enough to Develop Cancer Approach Historic High

Our WorldHollywood Breaks Box Office Records with Explosions, Rising Stars
Mathematically Literate WorldHollywood Breaks Box Office Records with Inflation, Rising Population

Our WorldEconomist: “Eliminate Minimum Wage to Create Jobs, Improve Economy”
Mathematically Literate WorldEconomist: “Eliminate Minimum Wage, then Pray Our Model Has Some Basis in Reality”

Our WorldAverage Football Player Earns $3 Million, Lasts 4 Years in NFL
Mathematically Literate WorldAverage Football Player Earns $0 Million, Lasts 4 Years in High School

Our WorldPolitician Promises to Fund Math Education
Mathematically Literate WorldPolitician Promises to Fund, Meddle in Math Education

Our WorldIllegal Downloaders Would Have Spent $300 Million to Obtain Same Music Legally
Mathematically Literate WorldIllegal Downloaders Would Never Have Bothered to Obtain Same Music Legally

Our WorldUnemployment Rate Jumps from 7.6% to 7.8%
Mathematically Literate WorldUnemployment Rate Probably a Little Under 8%; Maybe Rising, or Not, Can’t Really Tell

19 -

Thanks for reading! If you can tolerate my drawings (a big “if”), you might also enjoy A Math Professor Consults on a Hollywood Movie and the economic satire 20 Steps for Trading Up from a Paper Clip to a House.

About these ads

FacebookGoogle GmailTwitterDeliciousShare

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  

  

  

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.