Monday, February 27, 2017

behavioral economics in the news

Or at least in the newspaper.


More accurately: Having five cats allows you to have cat companionship about two-thirds of the time*. Corollary: More than five cats are necessary to maximize your cat companionship potential :)

Actually, does this all-too-common statistical error even have a name? Surely the psychologists have named it.

Hat tip to my mom. (Obviously - who else would email me newspaper clippings of terrible cat jokes?)

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* Assuming cats' desire for companionship is independently distributed, which isn't true but innocuous enough as these things go...