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Tag Archives: models
This simple model might be wrong, but is it useful? (Via Paul Krugman.)
No, not those types of models! We mean abstract, mathematical models. Celebrity economist Paul Krugman writes: Suppose you’re making a prediction — and every assertion about how the world works has to involve at least an implicit prediction of something, … Continue reading
During the last two days I have been attending some lectures on price theory (or “microeconomics”) at the 29th Annual LEC Economics Institute for Law Professors. I teach torts and constitutional law, and my areas of research are the evolution … Continue reading
prior probability has enrolled in Scott Page’s 10-week course on “Model Thinking” at Coursera … we really recommend his lectures on non-linear models and Markov processes … you can find the syllabus for the course here.