Episode 108 - What is Probability, Bloomberg vs Bernie on Boards, and Password Guessing

Max will tell you his definition of probability - which is his secret to clearly thinking about truth and inference - on the heels of last week’s discussion. Also some updates:
- What’s the difference between the Google Photos leak and the iCloud leak? What is end-to-end encryption?
- Now stories are coming out about Venezuela that contradict the positive stories being posted a few weeks ago
- Bernie Sanders and Elizabeth want corporate board members to answer to other interests besides shareholders, such as employees. Bloomberg says this is throwing away capitalism. Who is right?

Relevant Links

Ap News: 1 in 3 Venezuelans Facing Hunger, Story with Anecdotes

Employees on Corporate Boards:
NYTimes Opinion: It’s a nice moderate program that all right thinking people who read the New York Times should support
Bloomberg: We’re going to be slightly more nuanced, but still for it. Goes against Michael Bloomberg’s opinion!
The case against it: Peter Klein: Stakeholders and Corporate Social Responsibility and a discussion with Tom Woods

Related Episodes

Episode 107 with Bob Murphy on the nature of Probability
Episode 106 on Venezuela’s 1% Freedom
Episode 105 on the Joys of Bayesian Inference
Episode 104 on Internet Privacy and Encryption
Episode 98 on Bayesian Stats on Political Trends
Episode 78 on Bayesian Thinking
Episode 21 on Probability, Belief, and the Truth
Episode 4 on cracking the Substitution Cipher