Fun statistical trick: Suppose Trianglestan has a population of 10. The poorest Trianglestani makes $1/year, the richest makes $10.
-
-
@St_Rev Educational Institutions Value is related to Expected Utility one would receive from attending -
@soapjackal Note that in this toy example, nobody's income changed. No economic effect at all, just a category boundary got moved. -
@soapjackal Similar phenomena can be seen in mortality/morbidity statistics when defns shift, cf. recent drop in w. female life expectancy.
End of conversation
New conversation -
-
-
@St_Rev@soapjackal everyone knows you solve a Rubik's cube by taking it apart with a screwdriver -
@joelgrus@soapjackal Good luck keeping your job in the screwdriverless economy, pal
End of conversation
New conversation -
-
-
@St_Rev@soapjackal well, expectations have changed, but ofc expectations aren't thingsThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@St_Rev@soapjackal Similar thing: some economists I follow on Reddit suggest that the reason that household incomes have stagnated 1/Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@St_Rev@soapjackal but that the average household size has shrunk, and most income data is collected at the household level 2/Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@St_Rev@soapjackal If you previously have 1M people in 250k houses, each making 10k, household income is 40k. 3/Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@St_Rev@soapjackal when more people get their own places, suddently it's 1M, 500k, and 20k. HOUSEHOLD INCOMES WENT DOWN!!!! 4/4Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.