OK, so I didn’t watch the SOTU last night, I listened to it in my car. Then I listened to Governor Daniels’ response. I promised not to comment, so I’ll outsource one part that I would have posted on – I almost punched a hole in my car window when I heard it. The second […]
Daily Archive for January 25th, 2012
There’s Always, Always, Always a Model Beneath
Posted in Behavior, Methodology on Jan 25th, 2012
In a working paper two students and I write: Stevans argues that, “most academic economists are concerned with studying such obscure topics as backward induction among chess players and the existence of monotone pure-strategy equilibrium in Bayesian games.” Does “most” mean more than half? Eighty-percent? Is there a right amount? He is onto something, of […]