U Chicago Richard Thaler,Father of behavioural economics, wins Nobel prize

Monday, 9 October, 2017

CBC News, “Richard Thaler wins Nobel Prize in economics

Forbes, “Richard Thaler’s Nobel Prize: Lessons For Business Leaders

Forbes, “4 Reasons Richard Thaler Won The Nobel Prize

The Atlantic, “Richard Thaler Wins the Nobel in Economics For Killing Homo Economicus

Slate, “Richard Thaler Wins Economics Nobel for Recognizing People Are Irrational

The Economist (Free Exchange), “Richard Thaler wins the Nobel prize for economic sciences – An economist who recognises that human behaviour is not always strictly rational

UChicago Nobel Prize news conference for Richard Thaler (skipping to where Thaler speaks) (~26 mins)

PBS NewsHour, “Economics Nobel winner Thaler shed light on how real people behave”

WaPo, Nobel Prize in Economics announced (skipping to announcement) (~31 mins)

FT, Father of behavioural economics wins Nobel prize | World

Richard Thaler: “The Behavioralizing of Economics” | Talks at Google (2015) (~51 minutes)

Bonus:

Richard Thaler with Malcolm Gladwell on Misbehaving (2015)

Watch Thaler & Selena Gomez Explain the Financial Crisis in ‘The Big Short’

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Air Passenger Rights Advocate interview in advance of Supreme Court case with Delta Air Lines

Tuesday, 3 October, 2017

Interview Dr. Gabor Lukacs re Delta Air Lines Supreme Court case

Here is my 2017/Oct/02 Audio interview with Dr. Gabor Lukacs, Air Passenger Rights Advocate, talking about his Supreme Court of Canada case with Delta Air Lines. Here are some rough notes and timecodes (link points) in the interview.

0:00 Independent reporter Kempton [K] asked Dr. Gabor Lukacs [G], Air Passenger Rights Advocate, how is he feeling two days before he appears in front of Supreme Court of Canada Judges?
0:49 [K:] Any special preparation one day before your first Supreme Court appearance? (Yes, G is scheduled to teach a match class Tuesday morning!)
1:20 [G:] Teaching twice a week this term helps my public speaking skills.
2:13 [K:] Not a good idea to lecture the justices? G explains how is it like appearing in front of Supreme Court justices.
4:25 [K:] Briefly explain what this case with Delta is about? And your role?
5:25 G gives a great analogy using a speeding car driving 160km/h down the highway. Who can complain about it?
6:35 G explains Federal Court of Appeal sided with his reasoning and ruled against the CTA (Canadian Transportation Agency) and said it was unreasonable to dismiss the complain.
7:15 G talks about the various PDF files (see reference) filed by him, Delta and other parties. [K’s apologies here re misunderstanding of the pages of documents filed.]
8:22 G explains to K an Amicus Curiae (an impartial adviser) is hired by the Supreme Court and paid for by Attorney General of Canada. And four interveners: ATTORNEY GENERAL (ONTARIO), CANADIAN TRANSPORT AGENCY, INTERNATIONAL AIR TRANSPORT ASSOCIATION, COUNCIL OF CANADIANS WITH DISABILITIES.
9:32 [K:] So the COUNCIL OF CANADIANS WITH DISABILITIES agrees with you and Delta against you. Are there some against you and with you?
11:17 [K:] So roughly how much time have you put into preparing for the case?
13:02 [K:] Have you been to the Supreme Court as a tourist before? How will you feel when you step into the court for the first time arguing a case?
14:30 [K:] How long will it take you to argue the case in front of the Supreme Court justices? [G talks about the Supreme Court proceedings on Wednesday and the various potential outcomes and scenarios.]
17:32 [G:] “What we are dealing with here is a cat which is claiming to be a lion (which is the Canadian Transportation Agency). They have been trying to pretend they are a court.” [K:] “You are not a fan of the CTA? :)”
18:01 [K:] Do you get to reply on top of your 40 minutes presentation time [before the Supreme Court justices]?
19:36 [G:] “This is the first time I’m the respondent! I’m usually the appellant.” [K:] You are usually the underdog in front of the court!
20:05 [G:] [The Federal Court of Appeal got things right substantially.] “We are dealing here with preventive power …”
20:38 G talks about Canadian Transportation Agency recently commencing an investigation of the Air Transat case based on media report without receiving any formal complain.
21:03 [K:] Since I first interviewed you in August 2013, more than four years ago, for the Air Canada case where you helped bumped passengers get $200, $400, or $800 compensation, how does it feel with your hours of hard work getting you to the Supreme Court of Canada, the highest court of the land on Wednesday (Oct 4th, 2017)? [K: Great answers that go into some wonderful insight. I may try to transcript some of the answers when I can find some time.]
25:22 [K:] If you accidentally run into the Minister of Transport, The Honourable Marc Garneau, in the airport and get stuck with him in an elevator, what would you tell him in 30 seconds?
26:43 [K:] Taking my independent reporter hat off for a moment to speak as an air passenger and wishing G the best of luck.

References:
1) 20+ downloadable PDF files relating to SCC File No. 37276.
2) Via Air Passenger Rights’ FB page:
//The hearing is open for the public, and will be webcast live [Wednesday Oct 4th, 2017]:
http://www.scc-csc.ca/case-dossier/info/webcast-webdiffusion-eng.aspx?cas=37276
THE ISSUE
The Court is called upon to decide whether Lukacs can complain about Delta’s practice of discriminating against “large” passengers.
BACKGROUND
The Canadian Transportatoin Agency (Agency) dismissed the complaint because Lukacs is not “large.”
The Federal Court of Appeal quashed the Agency’s decision as being unreasonable: the purpose of the complaint is to prevent harm to the public, and not to seek individual benefits.
SUBMISSIONS OF THE PARTIES
Factums on appeals are available online:
http://www.scc-csc.ca/case-dossier/info/af-ma-eng.aspx?cas=37276 //


CJ John Roberts – New quote I LOVE: I hope you will be treated unfairly so that you will …

Monday, 10 July, 2017

New addition to Quotes I LOVE:

“From time to time in the years to come, I hope you will be treated unfairly so that you will come to know the value of justice.
I hope that you will suffer betrayal cause that will teach you the importance of loyalty.
Sorry to say but I hope you will be lonely from time to time so that you don’t take friends for granted.
I wish you bad luck, again, from time to time, so that you will be conscious of the role of chance in life and understand that your success is not completely deserved and the failures of others is not completely deserved either.
And when you lose as you will from time to time, I hope every now and then your opponent will gloat over your failure. It is a way for you to understand the importance of sportsmanship.
I hope you will be ignored so you know the importance of listening to others.
And I hope you will have just enough pain to learn compassion.
Whether I wish these things or not, they are going to happen. And whether you benefit from them or not will dependent upon your ability to see the message in your misfortunes.”
– John Glover Roberts Jr. (1955- ) 2017 Cardigan’s Commencement Address by Chief Justice John G. Roberts, Jr. (with video)


Warren Buffett PBS NewsHour interview

Tuesday, 27 June, 2017

June 26, 2017 America should stand for more than just wealth, says Warren Buffett

PBS, June 26, 2017, Here is Warren Buffett’s first tax return, filed at age 14

Warren Buffett says GOP health reform bills are relief for the rich


James Comey Testimony on President Donald Trump, Russia Investigation at Senate Hearing

Friday, 9 June, 2017

Former (fired by Trump) FBI Director James Comey‘s Testimony is an important teachable moment in history. Worth a watch.

June 8, 2017 Full James Comey Testimony on President Donald Trump, Russia Investigation at Senate Hearing

Politico, “Full text: James Comey testimony transcript on Trump and Russia

NY Times, June 9th, 2017 “Calling Comey a Liar, Trump Says He Will Testify Under Oath

WaPo, “There’s no indication Comey violated the law. Trump may be about to.


HongKongers, iMac, iPod, and HomePod

Monday, 5 June, 2017

You would be wrong to think this is a post about Apple’s iMac (introduced in 1998, 18 years ago), iPod (introduced in 2001, 15 years ago), or even HomePod! Quoting (iGuardian News introducing HomePod on June 5, 2017, that is just today). to illustrate what I really want to talk about.

“Introducing the HomePod

The HomePod has seven tweeters and four-inch woofer; it has an A8 chip living inside it, and uses that to make the sound “spatially aware”. That’s a feature Sonos has too, letting the speakers adjust their output to, say, push the vocals down the centre of the room while bouncing the bass off the wall. […]”

Instead, the focus is Etymology!

“Etymology is the study of the history of words, their origins, and how their form and meaning have changed over time. By extension, the term “the etymology (of a word)” means the origin of the particular word.”

Some months before the word HongKonger started to be accepted as a word by dictionaries like Oxford to describe “a native or inhabitant of Hong Kong, I had already started to use it like that. One thing that I’m still insisting is to spell HongKonger with a capitalized “K” (instead of the dictionary version of “Hongkonger”).

Which brings me back to how we spell iMac, iPod, and HomePod with the capitalized “M” for iMac, “P” for iPod, and then “H” plus “P” for HomePod. At the end of the day, the rules of how we spell words are determined by human convention. And dictionaries are tools that reflect our usages of words. So I will keep on spelling HongKonger(s) with a capitalized “H” plus “K” just like HomePod and I will wait for dictionaries to catch up. :)


Hillary Clinton at Code 2017

Thursday, 1 June, 2017

I think it is important to learn from mistakes. So I’m glad that Hillary Clinton hasn’t “moved on” and is giving people chances to learn from her mistakes because the stakes are high. I’ve been watching her appearance on Recode which the opinion piece based on and I don’t feel she acted like a sore loser.

Full transcript: Hillary Clinton at Code 2017

(full video) The former U.S. Secretary of State talks with Kara Swisher and Walt Mossberg about the 2016 campaign, Donald Trump and Russia, Russia, Russia.


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