Saturday, March 14, 2026
The 1001 Faces of the Permacold
Thursday, March 12, 2026
Pricing In Synagogue Attacks
I first heard of the attack on the Temple Israel Michigan synagogue from one of my students after my morning class. The attack has been variously described as a "shooting" or a "car-ramming" attack; from what I can tell the terrorist had a ton of explosives in his car that he was hoping to set off via crashing his vehicle into the synagogue building. He was shot dead by security, and thankfully he seems to be the only fatality.
It's been reported that the synagogue also runs a preschool that was in session at the time of the attack. I, of course, am also the parent of a baby who currently attends preschool/daycare at his synagogue, under a set up that is very similar to that of Temple Israel. We also have security posted outside the building on a daily basis; we also have a gate set up one needs to "swipe" into (twice!) in order to access the interior of the building.
It is very, very easy to imagine that our synagogue and our preschool could have been the target of this attack. In fact, the other day I was idly imagining (in the way parents do) just such an attack on my synagogue, in circumstances where Nathaniel was present. And what was striking to me about my thought process -- both in the imaginative space, yesterday, and in responding to the very real attack in Michigan, today -- was how numb I felt to it. It should feel terrifying. I should be terrified. But my reaction was alarmingly muted, as if I've just "priced in" the possibility of attacks like this. This is what it means to live as a Jew.
I don't know. I can't say I mourn not feeling overwhelmed by crippling anxiety and fear. But also, what does it say about me that I'm past feeling anxious and fearful? And this isn't, to be clear, a sound assessment of actuarial risk -- that would give me too much credit. It's something more quiescent -- an atrophication of any sense that security and safety is something I could ever expect to have for me and my family. That feeling -- or lack thereof -- well, I don't think it's a good thing.
Sunday, March 08, 2026
David's First Math Problem
Last night, I had a math problem.
Sort of. Not really. I'm not saying it's a hard math problem, or an interesting math problem. It may be a profoundly weird way to look at a math problem, and the way I solved it may be a really silly and convoluted solution to the math problem. But it stuck with me until I just had to tackle it -- and I haven't done any real math in about twenty years.
Okay, let's get to it.
At an auction, the amount an item sells for is known as the "hammer price". But it is not necessarily the case that either the buyer pays, or the seller receives, the hammer price. Rather, there is both a buyer's premium (BP) and a seller's premium (SP) that is calculated as a percentage of the hammer. The buyer pays the hammer plus the BP; the seller receives the hammer minus the SP. In other words:
- Final buyer's price = Hammer + (Hammer x BP)
- Final seller's final return = Hammer - (Hammer x SP)
Imagine two different auction premium models. In the first, the buyer pays no premium (BP = 0), and the seller pays a premium of 50% (SP = .5). In the second, the buyer pays a premium of 30% (BP = .3) and the seller plays a premium of 20% (SP = .2). Assuming the final buyer's price remains constant, which model is better for the seller?*
The answer is obviously the second -- but not by as much as might appear at first glance. Since the buyer pays no premium in the first model, they'll pay a higher hammer price than in the second, which partially offsets the first model's higher seller's premium. It's just not enough. To give an example, for a buyer willing to pay $130 for an item:
- In model one, the item would hammer for $130 (130 + (130 x 0)). The seller would get half of that, or $65 (130 - (130 x .5).
- In model two, the item would hammer for $100 to yield the same final buyer's price of $130 (100 + (100 x .3)). The seller would get 80% of the $100 hammer, or $80 (100 - (.2 x 100)).
(1) Fb1 = H + (H x 0) = H
(2) Fs1 = H - (H x .5) = Fb1 - (Fb1 x .5) = .5Fb1
(3) Fb2 = H + (H x .3) = 1.3H
(4) 10Fb2 = 13H, divide both by 13 --> (10/13)Fb2 = H
(5) Fs2 = H - (H x .2) = .8H
(6) Fs2 = .8((10/13)Fb2 = (8/13)Fb2
(7) Fs2 = (8/13)Fb2 and Fs1 = (1/2)Fb1.
(8) The ratio of Fs2/Fs1 = (8/13)/(1/2), multiply those by 2 and you get (16/13)/1, or just 16/13.