What Nassim Taleb Can Teach Us
“I am as orthodox neoclassical economist as they make them, not a fringe heterodox or something.
I just do not like unreliable models that use some math like regression and miss a layer of stochasticity, and get wrong results, and I hate sloppy mechanistic reliance on bad statistical methods.
I do not like models that fragilize. I do not like models that work on someone's computer but not in reality. This is standard economics.”
Zerohedge 3 May 2017, Authored by Jeff Deist via The Mises Institute
I just do not like unreliable models that use some math like regression and miss a layer of stochasticity, and get wrong results, and I hate sloppy mechanistic reliance on bad statistical methods.
I do not like models that fragilize. I do not like models that work on someone's computer but not in reality. This is standard economics.”
Zerohedge 3 May 2017, Authored by Jeff Deist via The Mises Institute
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