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...least stabilize carbon concentrations at 450 p.p.m. to ensure that global temperatures don't increase more than about 2 degrees Celsius above the pre-industrial level. To do that, we need to reduce global carbon emissions (which hit about 10 billion tons last year) until they are equal to or less than the amount of carbon sequestered by the oceans and plant life (which removed about 4.8 billion tons of carbon last year). It's just like water in a bathtub - unless more water is draining out than flowing in from the tap, eventually the bathtub will overflow...

Author: /time Magazine | Title: What the Public Doesn't Get About Climate Change | 10/28/2008 | See Source »

...since the outcome of tails is bound to occur eventually, there is a higher probability of tails occurring and thus bets on this outcome, even though there is no statistical change in tails actually coming up. “This is a basic human idea that if things have equal probabilities, they have to even out in the short term as well as the long term, and this is the crux of the fallacy,” Barron said. In the study, the researchers had their subjects predict the color outcomes of a roulette wheel, where one group...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Prof Studies Gambler's Fallacy | 10/27/2008 | See Source »

...then listed three areas in which he feels Harvard has not done nearly enough, including the inconsistent financial aid policies of Harvard’s graduate schools, the University’s role in promoting equal opportunities around the world, and the difference Harvard could make in primary and secondary schools...

Author: By Weiqi Zhang, CONTRIBUTING WRITER | Title: Summers Touts College Aid Legacy | 10/27/2008 | See Source »

...then pushed for Harvard to wield its power in promoting equal opportunity...

Author: By Weiqi Zhang, CONTRIBUTING WRITER | Title: Summers Touts College Aid Legacy | 10/27/2008 | See Source »

...concerned, every good college in America emulated this, and so we didn’t get any competitive advantage in terms of recruiting students,” said Summers. “But there was that much greater effort to create equal opportunity in America...

Author: By Weiqi Zhang, CONTRIBUTING WRITER | Title: Summers Touts College Aid Legacy | 10/27/2008 | See Source »

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