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Posted by Tim Harford

When the Financial Times uncovered the billion-dollar Wirecard fraud, it seemed like the story was over. But then the company’s Chief Operating Officer, Jan Marsalek, vanished – leaving behind clues that pointed to a double life as a secret agent. 

In his new podcast Hot Money: Agent of Chaos, FT journalist Sam Jones follows Marsalek’s trail through a globe-spanning world of spies, secrets, and corruption. Sam joins Tim to take him behind the scenes of the hunt for Marsalek, share his insights on the future of Russian espionage, and explore what modern spy stories tell us about ourselves. 

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Cubs Win!

Oct. 9th, 2025 11:37 pm
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[personal profile] billroper
The Cubs won and have tied up the series with the Brewers. The Saturday game in Milwaukee will determine the winner.

This is better than I expected.

Thankful Thursday

Oct. 9th, 2025 11:37 pm
mdlbear: Wild turkey hen close-up (turkey)
[personal profile] mdlbear

Today I am thankful for...

  • Getting more walking in. One kilometer or so is pretty sad, but it's what I can do these days.
  • My folding cane. (I was going to say "canes", but the others seem to have been lent out to other family members.)
  • N finally getting her book published. Get The World As It Ought to Be at Smashwords. (More info and more links tomorrow when I'm less brain-fried.)
  • Not having a fixed mininum target number of gratitude entries. See above.

[syndicated profile] tim_harford_feed

Posted by Tim Harford

At a time when we’re all blaming digital devices for ruining our attention spans, our children’s mental health and even the future of democracy itself, let’s give credit where it’s due: my cheap fitness watch has changed my life.

Three and a half years ago I started running at my local Parkrun, taking more than half an hour to limp around the 5k course for the first few weeks. After a few months of consistently showing up I made the kind of progress one might expect. But when I bought an entry-level runner’s watch, things really started to change.

Urged on by the watch, I began training several times a week and lengthening the runs to 10k, 10 miles and beyond. My wife got the bug — and her own watch. Our daughter described us as “running mad”. You be the judge: mad or not, I’m running the London Marathon in April next year. As a stubborn non-runner for the first 49 years of my life, there’s no way I’d have signed up for that sort of insanity without the watch.

These fitness trackers are not without their downsides, and I’ve become fascinated by the way they’re a microcosm of our increasingly quantified lives. The most obvious objection is that they are a privacy nightmare. They track our location and make sharing it easy and tempting. Stanislav Rzhitsky, a Russian submarine commander, was assassinated while going for a run in his local park; he was in the habit of posting his running routine on Strava. In the US, a man was convicted of murdering his wife after her Fitbit data contradicted his account of events.

And it is not just location: Carissa Véliz, the author of Privacy is Power, warns that with the right technology, heartbeat data can be as distinctive as a fingerprint. It’s unclear how much is already up there in the cloud, waiting to be abused by someone or other.

Fitness watch manufacturers would rather focus on these trackers as tools for performance. Even in this respect, there is a mixed picture. Like any good performance metric, my watch provides me with structure and helps me optimise my running. I can feed in a goal — a distance, a time — and it will generate a training program. Once-difficult tasks, such as running at a consistent pace, become straightforward.

Yet like many performance metrics, the watch can also nudge me into counter-productive activity such as overtraining to the point of injury. The sleep-tracking function tempts many people into thinking too much about sleep, which is the sort of thing that can make it hard to drift off. There’s a term of art, “orthosomnia”. It means that you’re losing sleep because you’re worried that your sleep tracker is judging you.

There is another subtle effect at work, something called “quantification fixation”. A study published last year by behavioural scientists Linda Chang, Erika Kirgios, Sendhil Mullainathan and Katherine Milkman invited participants to choose between a series of two options, such as holiday destinations or job applicants. Chang and her colleagues found that people consistently took numbers more seriously than words or symbols. Whether deciding between a cheap, shabby hotel or an expensive swanky one, or between an intern with strong management skills or one with strong calculus skills, experimental subjects systematically favoured whatever feature had a number on it, rather than a description such as “excellent” or “likely”. Numbers can fixate us.

“A key implication of our findings,” write the researchers, “is that when making decisions, people are systematically biased to favour options that dominate on quantified dimensions. And trade-offs that pit quantitative against qualitative information are everywhere.”

They may or may not be everywhere, but they are certainly in my fitness regimen. My watch takes walking, cycling and running seriously — especially outside rather than on a treadmill — but a hard session at the gym barely registers. It will count my steps for me, but I have to count my own pull-ups. The result is an incessant tug away from exercise that may be good for my body or my spirit, but which doesn’t “count” — and towards the kind of aerobic, trackable activity that the watch rewards.

Management theorists have long known about this problem. Steve Kerr’s essay in the Academy of Management Journal, “On the Folly of Rewarding A While Hoping for B”, is 50 years old and the folly seems more common than ever, perhaps because we now have an ever easier selection of automatically generated metrics upon which to fixate.

Quantification fixation may explain an early, infamous study of using fitness trackers for weight loss, published in 2016, which found that the trackers made it harder rather than easier to lose weight. That might be a statistical fluke, but it might also reflect the fact that when you exercise more you may be inclined to eat more. The fitness tracker monitors and therefore encourages extra exercise, but turns a digital blind eye to extra calories — this is quantification fixation in automated form.

A different aspect of the same problem is when I face a choice between the run prescribed by my watch, or an opportunity to run with a friend — possibly over the wrong terrain, for the wrong distance, at the wrong pace. “Wrong”, of course, being defined by the sensors in the watch. It is almost always better to seize the opportunity for a sociable run, but do I always seize it? I do not. It’s a shame to let down a friend, but it’s a disaster to let down the watch.

We live in a quantified world and in many ways our lives are better as a result, whether the metrics have been used to create more effective medicines or more efficient delivery vans. My watch may be a punctilious little wrist-worn box of tricks, but my running, and indeed my overall fitness, is far better than it was before I bought it.

Still, we would do well to keep the quantification revolution in its proper place. I never would have started running in the first place without the friends who encouraged me to show up at Parkrun, a movement that relies on community spirit, deftly seasoned with just the right amount of quantification.

And I’m not running a marathon because my watch told me to do it; I’m running in memory of a young woman who died of cancer at the age of 20. The fitness watch is a means to an end, not the end in itself. All I need to do is to remember that.

Written for and first published in the Financial Times on 11 Sep 2025.

Loyal readers might enjoy the book that started it all, The Undercover Economist.

I’ve set up a storefront on Bookshop in the United States and the United Kingdom. Links to Bookshop and Amazon may generate referral fees.

Cubs Win!

Oct. 8th, 2025 10:33 pm
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[personal profile] billroper
The Cubs beat the Brewers tonight by a final of 4-3 so they survive for another day.

They scored four in the first, chasing the Brewers' starting pitcher, Quinn Priester, who had been quite good for them, but not tonight. The offense then pretty much went to sleep for the rest of the game, leaving the pitching staff to nurse what started as a 4-1 lead to the end of the game.

Remarkably, this trick worked.

Tomorrow's game is a night game, so I am hoping that the remote parking lot is open. :)

Off to the Playoffs

Oct. 7th, 2025 09:51 pm
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[personal profile] billroper
After having managed to miss all three of the Wild Card games that the Cubs played at home due to work, I am (as the song says) "taking the afternoon off" tomorrow to go to game 3 of the NLDS tomorrow. The weather is going to be seasonally chilly from the look of things and I am trying to decide how much coat I need to wear.

The Cubs are currently trailing the Brewers 0-2 in the five-game series, so it will be win tomorrow or stay home. (I'd say "go home", but the Cubs *are* at home, so...)

We'll see how it goes.

Spotted on a package of corn meal...

Oct. 7th, 2025 07:58 pm
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[personal profile] bunsen_h
The ingredients list on a package of cornmeal (in the form of small flakes, a format I don't recall seeing before), caught my eye:

Ingredients list for Brazilian cornmeal

Well, it was written in Flyspeck 3 Italic, so I had to squint. And get a picture and enlarge the picture.

"containing genes from Agrobacterium tumefaciens, Bacillus thuringiensis, Streptomyces viridochromogenes and Zea mays."

Agrobacterium tumefaciens is a genus of bacteria that causes tumours in plants.  It's used commercially to implant gene sequences into plants.  Bacillus thuringiensis is a bacterial biological pesticide; the bacterium Streptomyces viridochromogenes produces a biological herbicide and a couple of antibiotics.  Zea mays is the corn itself; I suppose that it arguably needs to be included in a declared list of the species whose genes contribute to the product.

In short, it's explicitly a GMO product.  I suppose it's good to have the details?  Mind you, the description is a bit weak.  The concern wouldn't (or shouldn't) be about the genes, but about the substances expressed by them.  On the other hand, I wouldn't expect any of those contributors to be producing gluten.  (The product may contain wheat and barley, but that qualifier isn't on the gluten.)  The product comes from General Mills's Brazilian subsidiary.

Back to College Tomorrow

Oct. 6th, 2025 09:30 pm
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[personal profile] billroper
Ball State had a short break or a long weekend, depending on how you define it. K had located a bus service that runs directly from the campus to Oak Brook, which meant that coming home was much less of an adventure, so she got home Friday evening and will be heading back at noon tomorrow.

All things considered, this is too short of a visit, but it's been fun.

Progress

Oct. 5th, 2025 10:03 pm
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[personal profile] billroper
The things that *needed* to get done today got done today. Everything else, well, it's making some progress.

I'll take that.

Done Since 2025-09-28

Oct. 5th, 2025 05:26 pm
mdlbear: blue fractal bear with text "since 2002" (Default)
[personal profile] mdlbear

Mixed, as usual. Four walks (which sounds good except that the total was only 2.9km), a little work on the HSX website (fixing a busted link counts, right?), and a little work in the recording studio (with disappointingly little to show for it). Pretty sure I'm not getting enough sleep, either, although it's been somewhat better now that I'm using the duvet and duvet cover (a bit of a weighted blanket effect?), and going to bed a little later.

Lots of difficulty with motivation. Nothing new there, either.

N and G are going to be gone for two weeks (plus a bit) at the end of the month. I have been looking into "personal alarm" buttons/pendants, in case I need emergency help. Somewhat problematic.

Here, have an amusing link: Portlanders mock Trump by posting pics of peaceful weekend activities in ‘War ravaged’ city | The Independent.

Notes & links, as usual )

Minor Annoyances

Oct. 4th, 2025 11:07 pm
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[personal profile] billroper
Huh. I wonder what I did wrong.

It looks like the track names for the new CD didn't get written onto the CDs. They did when I burned it from WaveLab, so I am confused. But I will figure this out.

In the meantime, I have ripped the CDs locally and submitted the track names to Gracenote, so that should improve the situation for people who buy the CD and rip it themselves.

Life is one long learning experience...

Pre-release Sale

Oct. 3rd, 2025 09:55 pm
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[personal profile] billroper
It's still Bandcamp Friday (for a little while, at least) and I figured out how to post the Amy & Me album for digital presale. This means you can buy it now, get three tracks now, and the rest will be available on the release date when we get to OVFF.

Learning experiences! They're fun.

Bandcamp link
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