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Tag Archives: theory
1. Use mathematics as a shorthand language rather than as an engine of inquiry 2. Keep to them [your models/problems] till you have them done 3. Translate to english 4. Illustrate with examples important to real life 5. Burn the … Continue reading
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Tagged Alfred Marshall, economics, math, mathematical modelling, mathematics, maths, reasoning, theory, theory production
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Why is mathematics the most boring class in school?
It’s not universally agreed that mathematics is the worst subject everyone has to study in school, but I would say the agreement is close to universal. Why is it so boring? Aesthetically, I prefer non-miraculous explanations that don’t invoke unique, … Continue reading
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Tagged AAPL, boring, business, education, management, math class, math is boring, mathematics is boring, maths class, maths is boring, teaching, theorising, theory
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The seeds of my dissent from economic orthodoxy were pretty much sown for me by my 1st professor on the 1st day of my 1st economics class. This prof had gone to a great personal trouble to begin our exposure to … Continue reading
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Tagged assumptions, behaviour, belief, choice, choices, Coase, Coasean, decision theory, economics, efficiency, efficient frontier, efficient markets hypothesis, EMH, free will, gains from trade, inequality, knowledge, libertarians, mathematical modelling, mutually beneficial, Pareto optimality, production possibility frontier, psychology, Robinson Crusoe economy, science, symbiosis, theory, trade, welfare theorem, zero transactions costs
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Interesting how Austrian economists see themselves: Ludwig von Mises was a genius (obviously) a Man of the Mind — and that’s a good thing “dignified ruthlessness” seriousness … also a good thing … Serious about Reality quoting Ayn Rand is … Continue reading
[T]he Efficient Markets Hypothesis [is] in contention for one of the strongest hypotheses in the whole of the social sciences. Strictly speaking the EMH is false, but in spirit it is profoundly true. Besides, science concerns seeking the best hypothesis, … Continue reading
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Tagged aesthetics, banking, belief, economics, efficient markets hypothesis, EMH, esthetics, falsifiability, falsifiable, finance, ideas, leverage, Martin Sewell, organa, organon, theory
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Dmitri Tymoczko — author of The Geometry of Music how to make visual representations of music (in paintings, video games, sculpture) 5 constraints on a composition that are necessary (but not sufficient) for it to sound good global statistical properties of songs … Continue reading
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Tagged affine, affine transformation, circles, Dmitri Tymoczko, evolution, geometry, isometry, loops, msuic theory, music, octaves, orbifold, theory, topology, translation, transposition, tuples
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On the afternoon of the Nobel announcement, Nash said that he had won for game theory and that he felt that game theory was like string theory, a subject of great intrinsic intellectual interest that the world wishes to imagine … Continue reading
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Tagged academics, books, economics, game theory, John Forbes Nash Jr., John Nash, Nobel, theory
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Where do theories come from?
While science rightly uses empirical evidence (”facts”) as the ultimate arbiter of truth, those who experiment and analyse field data usually only credit or discredit ideas / frameworks that some theorist has previously invented. Tagline. Science: We finally figured out that … Continue reading
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Tagged correctness, creativity, Daniel Ellsberg, data, economics, experiment, Frank Knight, ideas, imagination, John Maynard Keynes, Keynes, Lord Maynard-Keynes, rightness, theory, theory-killers, truth
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[I]n the late 1920’s and early 1930’s…. There were lots of deep thoughts [in economics], but a lack of quantitative results. … It is usually not of very great practical or even scientific interest to know whether the [causal] influence … Continue reading
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Tagged academia, Alfred Nobel, Bank of Sweden, data, dynamite, econometrics, economics, education, elasticity, experiment, facts, human factors, ideation, laureate, magnitude, math, mathematics, maths, measurement, quantification, science, size, statistics, theory, Trygve Haavelmo
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