BB/WSJ in the news

Congrats to BB (John Cochrane) for the lead article on the Opinion page of
the Wall Street Journal this morning!
It is a great piece but after reading it I still am in doubt as to what to
do financially. I "got out" 2000 Dow points ago (10,000) and am clueless
as to what to do now with my money market accounts.
I had lunch with Rudy Mozer two days ago and he said now is the time to
order a new ASH-30....the euro/dollar ratio will never be better!
Since my wife Betsy forbids a new glider I would have to buy it "on spec"
for resale. What a crazy idea. I have another FL friend who has a new 30
on order...brave sole he (and rich too).

Anyway...it's nice to see our friend BB hit the big time.

Ed Byars

On Nov 12, 11:04*am, "Ed Byars" wrote:

Anyway...it's nice to see our friend BB hit the big time.

"We all like to think we're smarter than average, but at least half of
us are deluded"

Spoken like an experienced contest pilot!

-T8

wrote:
"We all like to think we're smarter than average, but at least half of
us are deluded"

No. That would be the "median" not the "average". Sorry, had to get that
out :-)

Tony V.

On Nov 12, 11:55*am, TonyV wrote:
wrote:
"We all like to think we're smarter than average, but at least half of
us are deluded"

No. That would be the "median" not the "average". Sorry, had to get that
out :-)

Tony V.

But I bet half the people below average don't understand the
difference, and the half above the median already knew.

Darryl

On Nov 12, 3:12�pm, Darryl Ramm wrote:
On Nov 12, 11:55�am, TonyV wrote:

wrote:
"We all like to think we're smarter than average, but at least half of
us are deluded"

No. That would be the "median" not the "average". Sorry, had to get that
out :-)

Tony V.

But I bet half the people below average don't understand the
difference, and the half above the median already knew.

Darryl





I was always pretty sure , but now we have it in writing ( in the WSJ
no less ) that BB does NOT fly by the seat of his pants !

A great article John .

Ron (ZA).

TonyV wrote:
wrote:
"We all like to think we're smarter than average, but at least half of
us are deluded"

No. That would be the "median" not the "average". Sorry, had to get that
out :-)

Would it be reasonable to say that "smarts" has a bell shaped curve, so
the median and average are the same? Or if I'm wrong about that, that
the average is higher than the median, giving us the potential for more
than half of us to be deluded? Either way, I'm sure I'd lose an argument
with John C. about statistics.

--
Eric Greenwell - Washington State, USA
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Eric Greenwell wrote:

No. That would be the "median" not the "average". Sorry, had to get
that out :-)

Would it be reasonable to say that "smarts" has a bell shaped curve, so
the median and average are the same?

OK, I'll run with this :-). I don't think so (I have no proof). We're
not talking "smarts" here but piloting skill. Most bad pilots "saw the
light" and never made it to license (Lord knows that it wasn't all of
them). So, your curve would not be bell shaped. I could be wrong :-).

Tony V.

Eric Greenwell wrote:

No. That would be the "median" not the "average". Sorry, had to get
that out :-)

Would it be reasonable to say that "smarts" has a bell shaped curve, so
the median and average are the same?

OK, I'll run with this :-). I don't think so (I have no proof). We're
not talking "smarts" here but piloting skill. Most bad pilots "saw the
light" and never made it to license (Lord knows that it wasn't all of
them). So, your curve would not be bell shaped. I could be wrong :-).

Tony V.

At 19:55 12 November 2008, TonyV wrote:
wrote:
"We all like to think we're smarter than average, but at least half
of
us are deluded"

No. That would be the "median" not the "average". Sorry, had to get
that
out :-)

Given that there is a lower limit to intelligence (dumb enough
and you can't remember to keep breathing) but no noticeable
upper limit, I would suggest that most likely *more* than
half of us are dumber than average.

Jim Beckman

On Nov 13, 12:15*pm, Jim Beckman wrote:
At 19:55 12 November 2008, TonyV wrote:

wrote:
"We all like to think we're smarter than average, but at least half
of
us are deluded"

No. That would be the "median" not the "average". Sorry, had to get
that
out :-)

Given that there is a lower limit to intelligence (dumb enough
and you can't remember to keep breathing) but no noticeable
upper limit, I would suggest that most likely *more* than
half of us are dumber than average.

Jim Beckman

Can't believe I'm biting on this...

"Although the term "IQ" is still in common use, the scoring of modern
IQ tests such as the Wechsler Adult Intelligence Scale is now based on
a projection of the subject's measured rank on the Gaussian bell curve
with a center value (average IQ) of 100, and a standard deviation of
15, although different tests may have different standard deviations."

- Source: Wikipedia - the source of all possibly true facts

....and the link to the bell curve

http://upload.wikimedia.org/wikipedi...7/IQ_curve.svg

Presumably someone in a persistent vegetative state would be unable to
take the test and would score a 0 - you'd need an equal number at 200
to preserve the symmetry - and you don't meet many of those.

Now back to our original programming already in progress...

....nice article BB! Even in the WSJ using the term "median" will lose
you readership, so we'll overlook the linguistic license.

9B