Linklist: February 29, 2012

The Speculist (via Kottke): In the Future Everything Will Be A Coffee Shop

Marginal Revolution: Probability fact of the day:

“The average class size experienced by students is almost always larger than the average class size experienced by professors.
More at God Plays Dice. I recall a JEP piece (?) many years ago which used the same idea to explain the “road curse”–given two equally good roads most people will always choose the more crowded!”

I use this example to explain transit ridership. Two buses, 1 carries 50 people, 1 carries 1 person. 50 people observe a bus with 50 people, 1 observes a bus with 1 person. Perceived average ridership is about 49, actual average ridership is about 25.