Every time the statistical authority releases new data there is a surge in economic commentary. Not analysis, but commentary. A thoughtful analysis would usually say that a single new data point doesn’t provide enough information to change anything we thought previously. There’s just too much randomness and error in point estimates to be able to […]
We deal very badly with empirical falsification of our reference model: Many of these assumptions are unrealistic but they are justified as a way to set a benchmark model around which one is then allowed to model deviations from the assumptions. … the problem is that the model becomes (or has become) the reference in […]
Deirdre McCloskey has many admirable attributes. Ranking high among them is the clarity of her prose. It is instantly recognisable for its lucidity, wordiness, eloquence, and disdain. For those of us who might wish our writing to be more like hers in some respects she has written a guide. It recommends itself as advice for […]
The America’s Cup, which fans can bet on by finding words like Coral Near Me, might be returning to NZ and local newspapers are already weighing in on what it means for the economy: As Team New Zealand moves close to match point there is already speculation that the next cup series will bring over […]
According to Rebecca Giblin of Monash University: It has been more than three years since the first countries began implementing ‘graduated responses’, requiring ISPs to take a range of measures to police their users’ copyright infringements. Graduated responses now exist in a range of forms in seven jurisdictions. Right-holders describe them as ‘successful’ and ‘effective’ […]
Too good not to re-blog!