Jun 13, 2014 •
Folk who understand cricket don't understand WASP. Folk who don't understand cricket understand WASP .. "Who's winning?"
— David 'Bumble' Lloyd (@BumbleCricket) May 28, 2014
May 28, 2014 •
This post is written primarily for those cricket fans coming to Offsetting as a result of the WASP being used on BSkyB in Britain to cover the current series between England and Sri Lanka. As with the coverage in New Zealand, it has generated some reac...
May 16, 2014
Budget 2014 is coming out today. Members of the NZ econ blogsphere will be tweeting their reactions (at #NZ14). In preparation, I thought I would link back to a previous post of mine calling for better press coverage of budgets, here, and, since an election-year budget is always an election issue, a post from the 2011 election about what to ignore in the economic policy section of parties' election manifestos, here. The latter contained a couple of points specific to the 2011 election, but 4 timeless points, that are worth restating. These were
- Decide whether what matters to you is what serves your selfish interest or what would serve the social good. If you are genuinely concerned about the social good, you should ask what sacrifices you are being asked to make, not how others are going to pay.
- Pay no attention to a policy that promises to create jobs or reduce unemployment, unless it specifically mentions labour market policy.
- Ignore promise of goodies to be financed by stronger economic growth.
- Ignore any policy that labels social spending “investment”.
Matt has covered off alternative-budget, election-manifesto announcements from ACT, Labour, and the Greens. It would say that ACT fails on Point 3, and Labour on Point 2. I fully expect to see all the parties failing on one or more of these by the time of the election, and I will be looking out for examples in today's budget and the resulting discussion.
Apr 11, 2014 •
We are not concerned with the ultimate reconstruction of the patient. We are concerned only with getting the kid out of here alive enough for someone else to reconstruct him. Up to a point we are concerned with fingers, hands, arms and legs, but sometimes we deliberately sacrifice a leg in order to save a life, if the other wounds are more important. In fact, now and then we may lose a leg because, if we spent an extra hour trying to save it, another guy in the pre-op ward could die from being operated on too late. Our general attitude around here is that we want to play par surgery. Par is a live patient.
Feb 19, 2014 •
UC's media consultant loves cricket and so asked me if I could do something WASPish about the probability of McCullum scoring 300 runs in an innings. The resulting media release is here. (The request came before the start of play today when McCull...
Nov 02, 2013 •
Sky is starting its Friday night coverage of the HRV cup (the domestic 20-20 cricket competition) tonight and will again be using the WASP graphic to monitor team's progress throughout the match. There was a lot of traffic coming into Offsetting las...
Nov 01, 2013 •
A commenter by the names of Peter (initially Tyrion) at an English cricket blog, Declaration Game, asks an interesting question: are averages in first-class cricket better correlated with how a batsman does in test cricket than are his averages in...
Oct 30, 2013 •
Eric's link to this article about taxes on unhealthy food, has started me thinking again about how to do welfare economics when using a paternalistic value judgement. As I noted in my original Offsetting post, it is perfectly legitimate to invoke pater...
Oct 24, 2013 •
- Pitches vary considerably across matches; if a bowler has already taken two wickets in two balls, it is likely that the pitch for that game (and that point in the game) is an easier one for taking wickets than the average.
- Bowlers (and their supporting fielders) vary in ability; if a bowler has already taken two wickets in two balls it is likely that he is a better bowler (with better supporting fielders) than the average.
- Batsmen vary in ability and batter ability is both correlated within the batting order and correlated within teams; if a bowler has taken two wickets in two balls it is likely that the batting team has below average quality batsmen and that it is one of the weaker batsmen in the team who is facing the hat-trick ball.
- Statistically (I can confirm this from test-cricket data), batsmen are more at risk at being dismissed early in their innings than later on; there is a high likelihood that the batsmen facing the hat-trick ball is facing his first ball of the innings.
Oct 22, 2013 •
First imagine a pure-exchange world (i.e. one where commodities just exist rather than being created, so that economic activity consists of trade and consumption, not production). If all commodities are desired by all consumers, then competitive markets will result in all prices being positive, with prices reflecting the relative desirability and abundance of each good. If, in contrast, one of the commodities is not only not enjoyed but would be positively disliked by all consumers, the extent that its price would reflect that dislike would depend on whether there was “free disposal”, meaning whether the owner of the commodity could costlessly avoid consuming it. If there is free disposal, the price of the commodity would be zero. Without free disposal, the competitive price would be negative, again reflecting the relative (lack of) desirability.