A nice article on Bayesian approaches to decision making in the face of risk, including whether to get a flu jab. It mentions the famous Monty Hall (three door) problem which is the prototypical example of Bayesian analysis giving an answer that is, to some, counter-intuitive. The heart of this approach is to ‘update your probabilities […]
I mentioned in my article on influenza vaccine that there are enhanced influenza vaccines. The BBC is reporting that one such example, Fluad, will be available to at risk individuals in the UK, with appropriate funding from the NHS.
Luca Belgiorno-Nettis is the founder and a director of the newDemocracy Foundation argues entertainingly in today’s Financial Review that we should abandon election in favour of selecting parliamentary representatives by lot, as if they were jurors, going back to some of the original tenets of Greek democracy. Imagine how refreshing it would be, he says, to […]