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Financialization Has Turned the Global Economy Into a House of Cards July 27, 2017

Posted by OromianEconomist in 10 best Youtube videos, 25 killer Websites that make you cleverer, Kan dubbifnerra walii qooduuf.
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Financialization Has Turned the Global Economy Into a House of Cards: An Interview With Gerald Epstein

Sunday, July 23, 2017By C.J. Polychroniou, Truthout | Interview

 

Contemporary capitalism revolves around neoliberalism, globalization and financialization, with the latter being the dominant force in this triad. Yet, there is still confusion about the nature and dynamics of financialization, including its impact on the economy. What is clear, however, is that capitalism has become quite prone to regular and systemic crises under financialization as the system now thrives ever increasingly on debt and quick profits. In this interview, professor of economics and co-director of the Political Economy Research Institute at the University of Massachusetts at Amherst, Gerald Epstein, a leading authority on financialization, sheds light on finance capital and why it needs to be brought under control.

… [F]inancialization can lead to economic expansion or stagnation, depending on the relative size of these factors. But it almost always increases inequality. In addition, it almost always leads to financial instability and even crises.

Source: Truth Out.  Click here to read the full article.

Collective Voice: Is happiness priceless July 17, 2017

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Grade 9 students in the Collective Voice program at Aden Bowman Collegiate share their lives and opinions through columns. Selected columns run each Monday in The Saskatoon StarPhoenix. The phrase ‘money can’t buy happiness’ is all too familiar. Money and happiness are both vital and relevant to my life and the lives of all  people in our society.

Money is motivation to go to work and attend school in order to get a higher paying job. A full bank account may buy you a lavish vacation, a sports car or a nice house, but will it buy you happiness?

Being happy has a unique meaning to every individual. I consider myself to be a happy person. I give to others, I am content with my life and I surround myself with positive experiences and people. According to an article in New Statesman, a British magazine, the five ingredients for a happy life are basic biological needs, security, relationships, respect and life purpose — in that order.

Money is not on that list. Yet money can support things that make us happy, like social outings and vacations.

Read more…

via Collective Voice: Is happiness priceless? — Saskatoon StarPhoenix

The evidence almost always wins May 27, 2017

Posted by OromianEconomist in 10 best Youtube videos, 25 killer Websites that make you cleverer, Uncategorized.
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Odaa OromooOromianEconomist

 

‘You can lose your faith. You can’t lose facts. In the end, the evidence almost always wins, as it did for Napoleon, as it will for Trump. And instead of tasting the sweet fruit of gradual accomplishment, they drank the bitter brew of abject failure. Many of them, in this moment, would find that ego that had whispered affirmations in their ears for so long, was now saying something quite different. It’s not a way to live. It’s not a way to do big things. It’s a way to fail big.’

 

Ryan Holiday InstagramYou have to believe in yourself, they say. “If you don’t, who will?” goes the seductive logic. When no one else believed in me, I believed in myself. And so a seemingly empowering but innocuous phrase has been inscribed on a million inspirational quote images, been the subject of countless self-help books and…

via I Don’t Have Faith In Myself, I Have Evidence — Thought Catalog

What Is Social Intelligence? Why Does It Matter? May 5, 2017

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Elements of the communication process

What Is Social Intelligence? Why Does It Matter?

Social intelligence is the key to career and life success. Do you have it?
 Intelligence, or IQ, is largely what you are born with. Genetics play a large part. Social intelligence (SI), on the other hand, is mostly learned. SI develops from experience with people and learning from success and failures in social settings. It is more commonly referred to as “tact,” “common sense,” or “street smarts.”

What are the key elements of social intelligence?  Click here to read the full article by   Ronald E Riggio Ph.D. Cutting-Edge Leadership

Emotional intelligence starts with understanding your own emotions (self-awareness), then being able to manage them (self-regulation) and use them to achieve your goals (self-motivation).

Once you are able to understand and manage yourself, then you start to understand the emotions and feelings of others (empathy) and finally to influence them (social skills).

Read more at: https://www.skillsyouneed.com/ips/social-skills-emotional-intelligence.html

 

It’s no secret that good leaders are also good communicators.  And the best leaders have learned that effective communication is as much about authenticity as the words they speak and write.

Indeed, communication and leadership are inextricably tied. How can you galvanize, inspire or guide others if you don’t communicate in a clear, credible, authentic way?

Here are 5 essential communication practices of effective leaders.  Click here to read at  Forbes  the 5 Habits of Highly Effective Communicators: Mind the say-do gap. Make the complex simple. Find your own voice. Be visible. Listen with your eyes as well as your ears. 

How to Spot a Bad Leader: Click here to learn the tactics used by leaders from hell.

 

Click here to read on 5 Steps to Great Leadership: How do our leaders measure up?

Great leaders are people with the skills, commitment, and character that we want to emulate. The very best lead by example and aren’t afraid to roll up their sleeves and work side-by-side with followers. They are Optimistic and Inspirational.   Great leaders build bridges, not walls.  They do the right things.  They don’t abuse or “damage” followers in the process.  They unite, not divide.  And, they leave the followers and the team/organization/country better off than when they began to lead.

This is the Difference Between a Hypothesis and a Theory April 20, 2017

Posted by OromianEconomist in Uncategorized.
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A hypothesis is an assumption, something proposed for the sake of argument so that it can be tested to see if it might be true.

In the scientific method, the hypothesis is constructed before any applicable research has been done, apart from a basic background review. You ask a question, read up on what has been studied before, and then form a hypothesis.

A theory, in contrast, is a principle that has been formed as an attempt to explain things that have already been substantiated by data. It is used in the names of a number of principles accepted in the scientific community, such as the Big Bang Theory. Because of the rigors of experimentation and control, its likelihood as truth is much higher than that of a hypothesis.

Click here to read the full article.

Data Science: 10+2 Data Science Methods that Every Data Scientist Should Know March 15, 2017

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12 Statistical and Machine Learning Methods that Every Data Scientist Should Know

 

  1. Statistical Hypothesis Testing (t-test, chi-squared test & ANOVA)
  2. Multiple Regression (Linear Models)
  3. General Linear Models (GLM: Logistic Regression, Poisson Regression)
  4. Random Forest
  5. Xgboost (eXtreme Gradient Boosted Trees)
  6. Deep Learning
  7. Bayesian Modeling with MCMC
  8. word2vec
  9. K-means Clustering
  10. Graph Theory & Network Analysis

Economics: Traditional & Behavioural: System Thinking 1 &2 April 12, 2016

Posted by OromianEconomist in 10 best Youtube videos, 25 killer Websites that make you cleverer, Economics.
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Odaa OromooTraditional and Behavioural Economics, System Thnking 1 and 2

 

Traditional economics views humans as robotic machines who make calculated decisions based on logic. In contrast, behavioural economics views humans as irrational and emotional beings who are influenced by biases and experience when making decisions. This infographic takes a closer look at just what behavioural economics is and how it can be used.

Read more at:- https://www.b2binternational.com/publications/what-is-behavioural-economics/

 

Related:-

10 key economic concepts

10 key economic concepts

4 Principles That Will Make You More Innovative July 23, 2015

Posted by OromianEconomist in 10 best Youtube videos, 25 killer Websites that make you cleverer.
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Four principles: Relax. Expose Yourself To New Ideas And New Perspectives. Get Ideas. Crashing Into Each Other. Work Hard.

Challenge yourself to use them today.

Related:

The 25 Most Productive Ways to Spend Time on the Internet & More.

https://oromianeconomist.wordpress.com/2014/08/23/the-25-most-productive-ways-to-spend-time-on-the-internet/

Statistics: The Sexiest Job of the Decade July 7, 2015

Posted by OromianEconomist in 10 best Youtube videos, 25 killer Websites that make you cleverer, Economics, Uncategorized.
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Discovering Python & R

Anyone who’s got a formal education in economics knows who Hal Varian is. He’s most popularly known for his book Intermediate Economics. He’s also the Chief Economist at Google. He is known to have famously stated more or less, that statisticians and data analysts would be the sexiest jobs of the next decade.

That has come true, to a great extent, and we’ll be seeing more.

Great places to learn more about data science and statistical learning:
1] Statistical Learning (Stanford)
2] The Analytics Edge (MIT)

In a paper called ‘Big Data: New Tricks for Econometrics‘, Varian goes on to say that:

In fact, my standard advice to graduate students these days is “go to the computer science department and take a class in machine learning.” There have been very fruitful collaborations between computer scientists and statisticians in the last decade or so, and I…

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What is Calculus Used For? TEDx Talks Faayidaan Eregaa maali? June 22, 2015

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learn calculus

This talk describes the motivation for developing mathematical models, including models that are developed to avoid ethically difficult experiments.  Three different examples from the field of human health are presented.

Jeffrey J. Heys is an assistant professor of chemical engineering at Montana State University. He received his B.S. in chemical engineering in 1996 from Montana State University, and his M.S. and Ph.D. from the University of Colorado at Boulder in 1998 and 2001,respectively.  His research area is computational transport and computational fluid dynamics in biological systems with an emphasis on fluid-structure interaction and multiphase flows.

BasicCalculus

Introduction to Calculus

http://ocw.mit.edu/resources/res-18-001-calculus-online-textbook-spring-2005/textbook/

How to Overcome Creativity Roadblocks May 6, 2015

Posted by OromianEconomist in 10 best Youtube videos, 25 killer Websites that make you cleverer, Africa, Ideas.
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There’s always going to be space for reading, curating and cheering on others’ work. But there should also be a space for building on it and creating stuff of one’s own. Each of us has something to say, and we have the responsibility and privilege of adding to the discourse. It’s up to us to find and nurture the right balance and feel inspired by—not intimidated by–the work that others do. After all, everything is a remix.