February 17, 2013
Numbers have always been associated with magic, from the Kabbalah to ‘unlucky’ numbers, such as 13 (down my street, the people next to house number 11 choose to live at 15A, much to the mailman’s bemusement).
The most recent version is exemplified in the online gaming shows, such as Jackpot247, which tend to grace our airwaves in the unholy hours.
Watch the routlette shows (roulette having a negative chance of winning, so your optimal betting strategy here is to gather together all the money you ever, in your entire life, intend to gamble on routlette in a neat pile in front of you, and risk it all on one single, inglorious spin)
April 6, 2012
The good professor shows how probabilities become counter-intuitive as soon as a modicum of complexity is introduced. We all know that the chance of guessing heads on a coin-flip is one-in-two, and it’s fairly straightforward to show the chance of scooping the National Lottery jackpot is just under one in 14m.
March 14, 2012
Two different takes on the same report – “Redundancies since start of jobs recession cost UK employers £28.6 billion“, claims the Chartered Institute of Personnel and Development (CIPD).
But the Sun approaches this report from a different perspective – ”Counting the cost: 2.7m made redundant since ’08“. Nothing at all untoward here, of course – the Sun is rightly putting the focus on the human, rather than the business, cost.
One line from the report caught my eye; namely, that “two-thirds of people made redundant are paid less in the next job they find. On average the pay penalty is 28%” (or, as the Sun phrases it, a “humiliating” 28%).
March 8, 2012
Well recovered, Jim Muir! The BBC Middle East correspondent had started to tell listeners to the Today radio programme that the Syrian pound had “lost 100% of its value” when he suddenly realised the impossibility of what he was saying.
Referring to the way in which the Syrian economy had suffered, he pointed out that the Syrian pound was trading at around 100 to the dollar: “… which means it has lost 100% … well, 50% of its value since the thing started.”
To have lost 100% of its value would mean, of course, that the currency was quite literally worthless, since a drop of 100% leaves precisely nothing.
A halving, on the other hand, is a 50% decrease. To his credit, Jim Muir recognised the potential faux pas and corrected himself just in time.
October 24, 2011
Why is the BBC playing along with the UN’s farcical “countdown” to the birth of the planet’s 7 billionth inhabitant?
OK, so the latest article on the BBC website concedes that no one knows the true size of the global population (“we may have already passed seven billion”), but merrily goes along with the assertion that on October 31, the earth’s population will pass that milestone because “the UN has picked the day as the best estimate”.
It’s just that, as estimates go, it’s pretty ropey. In fact, it could have been passed over a year ago.
The argument in favour of the fantasy date is that it focuses attention on pressing issues such as overcrowding, poverty and the stripping of resource.
All very laudable, of course.
But are we all really so shallow that we need a sprinkle of marketing moondust before we can take these issues seriously?
For the sake of all 7 billion of us, I hope not.
September 27, 2011
Poor Ed Miliband. Not only does the live TV feed break down just minutes into his speech to the Labour Party conference in Liverpool, but a poll in the Independent reports that “the Tories enjoy a lead for the first time since October last year”.
The Conservatives are on an impressive 37% while Labour languishes behind with a paltry 36%. So that’s that, then!
Except that it isn’t.