tag:blogger.com,1999:blog-7294505416127496842.post5711811028445902418..comments2024-03-25T14:09:59.347-05:00Comments on Augoeides: Worst Psychic Ever Has CompetitionScott Stenwickhttp://www.blogger.com/profile/12389664381513219613noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7294505416127496842.post-40844428457396969852011-06-29T01:44:39.421-05:002011-06-29T01:44:39.421-05:00Well, maybe - it is a big airport. But the thing i...Well, maybe - it is a big airport. But the thing is that flights were only grounded for twenty minutes, so you have to figure out how to determine the monetary value. I'm not a big fan of the methods that some businesses use to count their theoretical losses from various events, because it inevitably winds up exaggerated beyond all proportion.<br /><br />Back when I was in college, for example, one of the arguments leveled against spam e-mail was that each message sent out cost "the Internet" some ridiculous amount of money. Now I hate spam e-mail as much as the next person, but as I recall the way the number got calculated was by doing something like taking the total amount each node spent on their network feed and then dividing that by the number of e-mails they processed - ignoring that those nodes paid exactly the same monthly fee regardless of how much traffic ran over their portion of the network.<br /><br />Most of the time the same sort of analysis gets applied to "lost productivity" calculations and the like in the business world. Inevitably, those totals come out to be many times the entire value of the US economy, which is simply not believable. You know, kind of like both these psychics.Scott Stenwickhttps://www.blogger.com/profile/12389664381513219613noreply@blogger.comtag:blogger.com,1999:blog-7294505416127496842.post-3614573310691054342011-06-28T20:10:02.819-05:002011-06-28T20:10:02.819-05:00I'm thinking the Ohio psychic wins on monetary...I'm thinking the Ohio psychic wins on monetary value lost, though. The amount of business alone that would be disrupted by shutting down an airport boggles the mind a bit.Anonymoushttps://www.blogger.com/profile/15009778570667265968noreply@blogger.com