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🔗 Philosophy 🔗 Philosophy/Logic 🔗 Philosophy/Epistemology

The unexpected hanging paradox or hangman paradox is a paradox about a person's expectations about the timing of a future event which they are told will occur at an unexpected time. The paradox is variously applied to a prisoner's hanging, or a surprise school test. It could be reduced to be Moore's paradox.

Despite significant academic interest, there is no consensus on its precise nature and consequently a final correct resolution has not yet been established. Logical analysis suggests that the problem arises in a self-contradictory self-referencing statement at the heart of the judge's sentence. Epistemological studies of the paradox have suggested that it turns on our concept of knowledge. Even though it is apparently simple, the paradox's underlying complexities have even led to its being called a "significant problem" for philosophy.

🔗 Biography 🔗 Medicine 🔗 COVID-19 🔗 China 🔗 Biography/science and academia

Li Wenliang (Chinese: 李文亮; pinyin: Lǐ Wénliàng; 12 October 1986 – 7 February 2020) was a Chinese ophthalmologist who worked as a physician at Wuhan Central Hospital. Li warned his colleagues in December 2019 about a possible outbreak of an illness that resembled severe acute respiratory syndrome (SARS), later acknowledged as COVID-19. He became a whistleblower when his warnings were later shared publicly. On 3 January 2020, Wuhan police summoned and admonished him for "making false comments on the Internet". Li returned to work, later contracted the virus from an infected patient (who had been originally treated for glaucoma) and died from the disease on 7 February 2020, at age 33. A subsequent Chinese official inquiry exonerated him and the Communist Party formally offered a "solemn apology" to his family and revoked its admonishment of him.

🔗 Companies 🔗 Finance & Investment

Renaissance Technologies LLC is an American hedge fund firm based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analyses. The firm is regarded as one of the "most secretive and successful" hedge funds in the world. Their signature Medallion fund is famed for the best record in investing history. Renaissance was founded in 1982 by James Simons, an award-winning mathematician and former Cold War code breaker.

In 1988, the firm established its most profitable portfolio, the Medallion Fund, which used an improved and expanded form of Leonard Baum's mathematical models, improved by algebraist James Ax, to explore correlations from which they could profit. Jim Berlekamp was instrumental in evolving trading to shorter-dated, pure systems driven decision-making. The hedge fund was named Medallion in honor of the math awards that Simons and Ax had won.

Renaissance's flagship Medallion fund, which is run mostly for fund employees, is famed for the best track record on Wall Street, returning more than 66 percent annualized before fees and 39 percent after fees over a 30-year span from 1988 to 2018. Renaissance offers two portfolios to outside investors—Renaissance Institutional Equities Fund (RIEF) and Renaissance Institutional Diversified Alpha (RIDA).

Simons ran Renaissance until his retirement in late 2009. The company is now run by Peter Brown (after Robert Mercer resigned). Both of them were computer scientists specializing in computational linguistics who joined Renaissance in 1993 from IBM Research. Simons continues to play a role at the firm as non-executive chairman and remains invested in its funds, particularly the secretive and consistently profitable black-box strategy known as Medallion. Because of the success of Renaissance in general and Medallion in particular, Simons has been described as the best money manager on earth.

🔗 Mathematics 🔗 Statistics

In probability theory and intertemporal portfolio choice, the Kelly criterion (or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. The Kelly Criterion is to bet a predetermined fraction of assets, and it can seem counterintuitive. It was described by J. L. Kelly Jr, a researcher at Bell Labs, in 1956.

For an even money bet, the Kelly criterion computes the wager size percentage by multiplying the percent chance to win by two, then subtracting one-hundred percent. So, for a bet with a 70% chance to win the optimal wager size is 40% of available funds.

The practical use of the formula has been demonstrated for gambling and the same idea was used to explain diversification in investment management. In the 2000s, Kelly-style analysis became a part of mainstream investment theory and the claim has been made that well-known successful investors including Warren Buffett and Bill Gross use Kelly methods. William Poundstone wrote an extensive popular account of the history of Kelly betting.

🔗 Biography 🔗 Chicago 🔗 Biography/Actors and Filmmakers 🔗 College Basketball

John Michael Crichton (; October 23, 1942 – November 4, 2008) was an American author, screenwriter, film director, and film producer. His books have sold over 200 million copies worldwide, and over a dozen have been adapted into films. His literary works are usually within the science fiction, techno-thriller, and medical fiction genres, and heavily feature technology. His novels often explore technology and failures of human interaction with it, especially resulting in catastrophes with biotechnology. Many of his novels have medical or scientific underpinnings, reflecting his medical training and scientific background. He wrote, among other works, The Andromeda Strain (1969), The Great Train Robbery (1975), Congo (1980), Sphere (1987), Jurassic Park (1990), Rising Sun (1992), Disclosure (1994), The Lost World (1995), Airframe (1996), Timeline (1999), Prey (2002), State of Fear (2004), and Next (2006). Films he wrote and directed included Westworld (1973), Coma (1978), The Great Train Robbery (1979), Looker (1981), and Runaway (1984).

🔗 Biography 🔗 Business 🔗 New York (state) 🔗 India 🔗 New York (state)/Cornell University 🔗 Zoroastrianism 🔗 India/Mumbai 🔗 India/Maharashtra

Ratan Tata (28 December 1937 – 9 October 2024) was an Indian industrialist and philanthropist who served as chairman of Tata Group and Tata Sons from 1990 to 2012, and then as interim chairman from October 2016 through February 2017. In 2008, he received the Padma Vibhushan, the second highest civilian honour in India. Ratan had previously received the Padma Bhushan, the third highest civilian honour, in 2000. He passed away on October 9, 2024, following a prolonged illness related to his age.

Ratan Tata was the son of Naval Tata, who was adopted by Ratanji Tata. Ratanji Tata was the son of Jamshedji Tata, the founder of the Tata Group. He graduated from the Cornell University College of Architecture with a bachelor's degree in architecture. He joined Tata in 1961, where he worked on the shop floor of Tata Steel. He later succeeded J. R. D. Tata as chairman of Tata Sons upon the latter's retirement in 1991. During his tenure, the Tata Group acquired Tetley, Jaguar Land Rover, and Corus, in an attempt to turn Tata from a largely India-centric group into a global business. Tata was also a philanthropist.

Tata was a prolific investor and invested in over 30 start-ups, most in a personal capacity and some via his investment company.

🔗 Computing

The ST3000DM001 is a hard disk drive released by Seagate Technology in 2011 as part of the Seagate Barracuda series. It has a capacity of 3 terabytes (TB) and a spindle speed of 7200 RPM. This particular drive model was reported to have unusually high failure rates, approximately 5.7 times higher fail rates in comparison to other 3 TB drives.

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🔗 Computing 🔗 Mathematics

A nomogram (from Greek νόμος nomos, "law" and γραμμή grammē, "line"), also called a nomograph, alignment chart, or abaque, is a graphical calculating device, a two-dimensional diagram designed to allow the approximate graphical computation of a mathematical function. The field of nomography was invented in 1884 by the French engineer Philbert Maurice d'Ocagne (1862–1938) and used extensively for many years to provide engineers with fast graphical calculations of complicated formulas to a practical precision. Nomograms use a parallel coordinate system invented by d'Ocagne rather than standard Cartesian coordinates.

A nomogram consists of a set of n scales, one for each variable in an equation. Knowing the values of n-1 variables, the value of the unknown variable can be found, or by fixing the values of some variables, the relationship between the unfixed ones can be studied. The result is obtained by laying a straightedge across the known values on the scales and reading the unknown value from where it crosses the scale for that variable. The virtual or drawn line created by the straightedge is called an index line or isopleth.

Nomograms flourished in many different contexts for roughly 75 years because they allowed quick and accurate computations before the age of pocket calculators. Results from a nomogram are obtained very quickly and reliably by simply drawing one or more lines. The user does not have to know how to solve algebraic equations, look up data in tables, use a slide rule, or substitute numbers into equations to obtain results. The user does not even need to know the underlying equation the nomogram represents. In addition, nomograms naturally incorporate implicit or explicit domain knowledge into their design. For example, to create larger nomograms for greater accuracy the nomographer usually includes only scale ranges that are reasonable and of interest to the problem. Many nomograms include other useful markings such as reference labels and colored regions. All of these provide useful guideposts to the user.

Like a slide rule, a nomogram is a graphical analog computation device, and like the slide rule, its accuracy is limited by the precision with which physical markings can be drawn, reproduced, viewed, and aligned. While the slide rule is intended to be a general-purpose device, a nomogram is designed to perform a specific calculation, with tables of values effectively built into the construction of the scales. Nomograms are typically used in applications where the level of accuracy they offer is sufficient and useful. Alternatively, a nomogram can be used to check an answer obtained from another, more exact but possibly error-prone calculation.

Other types of graphical calculators such as intercept charts, trilinear diagrams and hexagonal charts are sometimes called nomograms. Other such examples include the Smith chart, a graphical calculator used in electronics and systems analysis, thermodynamic diagrams and tephigrams, used to plot the vertical structure of the atmosphere and perform calculations on its stability and humidity content. These do not meet the strict definition of a nomogram as a graphical calculator whose solution is found by the use of one or more linear isopleths.

🔗 Home Living

The Monobloc (From mono- (“one”) + bloc (“block”), meaning an object forged in a single piece) chair is a lightweight stackable polypropylene chair, usually white in colour, often described as the world's most common plastic chair.

Based on original designs by the Canadian designer D.C. Simpson in 1946, variants of the one-piece plastic chair went into production with Allibert Group and Grosfillex Group in the 1970s. They were inspired by the Chair Universal 4867 design by Joe Colombo in 1965, but no patents were filed for a monobloc chair design. Since then, millions have been manufactured in countries including Russia, Taiwan, Australia, Mexico, the United States, Italy, France, Germany, Morocco, Turkey, Israel, India and China. The Monobloc chair is named because it is injection moulded from thermoplastic polypropylene, the granules being heated to about 220 degrees Celsius, and the melt injected into a mold. The gate of the mould is usually located in the seat, so ensuring smooth flow to all parts of the tool.

Close to a billion Monoblocs have been sold in Europe alone, with one Italian manufacturer producing over ten million a year. Many design variants of the basic idea exist. The chairs cost approximately $3.50 to produce, making them affordable across the world. The stackable design aids setting up large gatherings and storage of the chairs afterwards. In developing countries with high population growth, monoblocs are used to seat thousands of church attendees at a time. Social theorist Ethan Zuckerman describes the chair as having achieved a cultural global ubiquity.