Criticism

New Powerball (lottery) Rules Will Cost You More

December 16, 2011 | 0 Comments

The popular news are reporting [1,2,3,4,5] that the Multi-State Lottery Commission (MUSL) will change the rules for their lottery game Powerball, effective Jan. 15, 2012. I sent an email to the MUSL (at 8:00am Dec, 14th) asking for the new official rules, but haven't received a response yet (as of 10:30am Dec, 16th). ... [Read more...]

Misleading Statistics: Too much risk without a financial adviser?

November 22, 2011 | 0 Comments

This popular article references a report by financial consulting firms that makes a fairly convincing argument (even though they mostly neglect inferential statistics, and some parts of their argument are misleading, or otherwise not convincing) that 401(k) participants who accept "help" from financial experts take less risk and have better ... [Read more...]

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