basicform

Both.

No wind is factored in this equation. That kills Reykjavik.

From page: "Next Steps: It would be interesting to use detailed time series for each city and a utility function on temperatures (perhaps including wind chill and humidex) to determine which cities are truly mean-variance optimal."

Yes - be warned - this is a trap.

We first named Greenland Greenland to trick people to go there instead of Iceland.

Now we want people to come - so we are manipulating math and logic on a scale never seen before.

Be vary of any data that points to Iceland as being a good place to live in terms of weather.

The truth is "in Iceland, the weather is trying to kill you!"