points by batz 10 years ago

Mocks Populi

There is a an apocryphal story in which your anonymous correspondent was on a small business jet somewhere between Davos and Dubai, when he asked a former Thatcher minister what shade of pink the Financial Times newspaper was. "Parlour," the minister replied. It is in the spirit of this self-referential anecdote that an auspicious news peg has provided an opportunity to sound off on a pet saw and perhaps let on that I went to Cambridge.

Broadly, this newspaper is neither here nor there on a given issue, other than to say that it is different from what you expect - and for reasons that may surprise you. The prediction will be driven by the available data, include a smirk at the newcomer, and give a sop to the status quo. All things equal, it will predict outcomes that are some function of the sum of elements by the number of elements, and provide a view that is "radically centerist," if perhaps a bit smug. A reversion to the mean, indeed.

-- Every Economist Article Ever