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Archive for March, 2014|Monthly archive page

Malkiel Experiment on Randomness, 1973

In Laboratory on March 20, 2014 at 12:31 AM

In honor of Princeton University economics professor Burton Malkiel and his well-known monkey stock picking critique of 1973, which has spawned many test experiments like this one, here are my official picks for the 2014 NCAA men’s basketball tournament which tips off today. By using a random coin toss (a 1997 nickel in my example), Milwaukee is predicted to edge out Creighton in the final championship game scheduled for April 5th. And notably, other upsets include Florida losing to Albany in round one and every other No. 1 seed similarly suffering defeat as well in the opening round. Read the rest of this entry »

Milgram Experiment on Obedience, 1962

In Laboratory on March 4, 2014 at 10:19 PM

Here is an interesting 1962 Yale psychology experiment regarding obedience to authority relevant in many real world scenarios today (see video below). As a primary finding, Dr. Stanley Milgram documents that 65 percent of participants administered pain to the highest degree available to a stranger by following the orders of a superior. Read the rest of this entry »