Tag Archives: theory

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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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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[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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05:30 You don’t ask is a model good or bad. You ask is it good for a particular question. (For example, What effect will school vouchers have on inequality? or Why do politicians “race to the center” in a two-party system but not … Continue reading

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[E]veryone pretend[s] as if they were just giving one another gifts and then they fervently denied they expected anything back. But in actual fact everyone [understands] there [are] implicit rules and recipients would feel compelled to make some sort of … Continue reading

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Being a theoretical physicist is like being up in a balloon. The balloon is held aloft by hot air. And the person in the balloon enjoys looking down on other people. Jim Gates, on the moth

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School vouchers’ effect on economic inequality.

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