Word: biases
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Siegel argued that U.S. stocks have outpaced inflation by nearly 7 percentage points annually with uncanny consistency since 1802. But his early numbers are rife with what statisticians call survivor bias: all the stocks in Siegel's pre-1871 index were winners, typically staying in business for at least 17 years. No flops such as canals or wooden turnpikes--just a couple of dozen profitable banks, insurers and railroads. Imagine calculating recent stock returns without Enron, Pets.com and Global Crossing. Would that give an accurate picture? Siegel says in his defense that survivor bias may overstate his 19th century numbers...
...keeps third party candidates out of elections. To provide unbiased oversight, the federal government must disband the commission and replace it with an independent commission. This change would take the politics out of supervising elections, and it would mean that the campaign finance laws would be enforced without partisan bias...
...same is true on the state and local levels. Election supervision is in the hands of politicians who, despite their best efforts, may show a bias toward one particular party. Republican Katherine Harris, co-chair of President George W. Bush’s Florida campaign, was also the Secretary of State and election supervisor in Florida during the last presidential election. Her decisions on the manual recount played a key roll in putting Bush in the White House. Perhaps, as the Carter Center does for other nations, the U.S. should invite election observers from our European allies to oversee...
...realize that information bias exists on both sides of this conflict. I was disturbed to learn that the Saudi and Egyptian press covered the Passover Massacre of 28 Israelis with the same callousness that the Wall Street Journal reports Palestinian casualties. Yet the recklessness of the Arab press does not absolve us from our responsibility to learn and tell the truth. We are, after all, a democratic society. And our nation is the only nation in the world with the ability to act as a mediator in the Israeli-Palestinian conflict. Efforts to hide the truth from the American public...
Critics of al-Jazeera, including American officials, accuse it of bias. They say the channel's gratuitous repetition of the death pageant crudely stokes Arab anger and ignores the losses suffered by the other side. Al-Jazeera covers the Israeli victims of Palestinian attacks with live coverage and news bulletins, but not always with personalizing details. However, those aren't details that viewers necessarily want; they feel al-Jazeera needn't go out of its way to humanize Israeli suffering, when, in their view, Palestinians receive no such treatment on American or Israeli TV and are instead demonized as terrorists...