Word: stilling
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...John still lives in Cambridge. He now resides near Inman Square and works at a brokerage firm. He has only one Harvard semester on record, although he has technically been on campus for three. He characterizes his first leave as voluntary, the second, involuntary. Prior to his second leave, he had spent the year resisting suggestions from deans to visit the Bureau of Study Counsel and seek mental health services...
...that it’s just plain unnecessary? Yes, the alcohol is cold when it gets to your mouth off an ice luge. Awesome. Ever hear of an ice cube? This triumph of modern science allows you to enjoy a cold beverage of whatever alcohol content you desire while still keeping it classy and clean...
There are those who still insist on rational expectations theories and EMH as the best predictors of human and market behavior. Put simply, their point is that mistakes may be made, but economics as a field can only be useful with mathematical modeling as the central pillar of analysis. Based on growing amounts of data, models may be incomplete, yet they are also perfectible. Such trust is essential, since it assumes that fully determined outcomes are possible and that more data can overcome any shortcoming...
Think about the perfectly-timed choreography: the battle over the emergency exit row seat, the subprime dining selection (assuming there is still choice by the time they get to you), the Twitter flight status updates, the arrival dinner, the planned drinks date, and the conference or company or checking account that is paying for the jet-setting. Now insert a volcanic eruption somewhere—say, Iceland—and rethink all of the above...
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 a good job in political science these days. Perhaps more importantly, such flawed assumptions have grounded endless flights this week. Just yesterday, EU regulators acknowledged they should have conducted more actual tests rather than outright banning European flights for five days. The EU director general for transport, Matthias Ruete, admitted...