Word: oure
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Ironically, the challenge to this position is anything but new. It goes back to the German historical school of famed authors like Arnold Toynbee and Joseph A. Schumpeter. As John Maynard Keynes himself wrote in the preface to his masterpiece, “The difficulty lies, not in new ideas...
The second idea further complicates the ideological position of traditional econometricians by borrowing heavily from physicist Werner Heisenberg’s principle of uncertainty. If the observer adds an element of uncertainty by the mere fact of observing, then fully determined prediction is not a matter of how much data...
Considering these essential shortcomings, what is most surprising is that we still trust our models so much. The fact that the mirage of certainty has crept from economics into other disciplines is obvious enough: A famous Harvard government professor often complains that no data-heavy, model-driven graduate student gets...
YM: I like using animals because I find that they help me tell my stories. We’re very cynical about our own species, we’re less cynical about wild animals. I noticed that with “Life of Pi” that people were taken...
It seems obvious that while Harvard students love their fancy footwear, your average ancestral hunter-gatherer would not be sporting a pair of Adidas on his morning hunt. In fact, despite our contemporary obsession with shoes, Daniel E. Lieberman, Department Chair of Human and Evolutionary Biology, recently discovered that humans...