Word: fairness
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...absolutely phenomenal course and well maintained,” Pollak said. “The greens were running very fast and it was clear from the practice round the greens were going to be the key to a good round.” Though players agreed the course was fair, the weather was certainly not. “On Saturday we were kind of surprised at how horrible the weather got,” Pollak said. “By my eighth hole, it started pouring with heavy winds. It turned into really tough golf weather. I had a putt...
...receive a complete description of the same events at a later point in time. According to Barron, the fallacy applies in many situations, including simple scenarios such as casino games like roulette or even something as mundane as flipping a coin. For instance, Barron said that if a fair coin were flipped five times and by chance landed on heads all five times, a person who had witnessed the series of flips would be more inclined to choose tails on the sixth flip. This person thinks that since the outcome of tails is bound to occur eventually, there...
...doesn't really seem fair, does it? And it isn't fair. But it's what happens when your country's economy is the world's biggest and - more important - your currency is the world's currency. "Imagine how any other country would receive the news that it had been granted the right to discharge its international obligations, as the United States does, in its very own currency, which only it can lawfully print," James Grant writes in the new issue of Foreign Affairs. "There would be dancing in the streets...
...rival. At the same time, every year fewer and fewer colleges and universities are requiring the SAT or ACT - more than 775 schools have now made scores optional for admission consideration. ReadiStep is "a cynical marketing ploy," says Jesse Mermell, executive director of the National Center for Fair & Open Testing (FairTest), one of the College Board's most vocal opponents. "[It] is designed to lock eighth graders into the SAT series of exams before they can consider the increasingly popular alternatives...
...traveled to Madagascar, I was doubtful about the value of ecotourism. My trip from New York City alone created more than 11 tons of greenhouse gases and cost around $3,000. But the right kind of travel--in which sensitive areas are minimally affected and local people earn a fair wage--benefits the environment and the economy. That's my experience in Madagascar, where the government gives 50% of the revenue from parks--including entrance fees--to neighboring communities. Most important, the industry engenders a reverence for nature among visitors and locals alike. As Russell Mittermeier, president of the global...