A phenomenal breakdown of how econometrics has--and continues to--evolve. Could not agree more that though economists are moving towards answering smaller questions, but more precisely.
Two questions, and I’d love to hear what you think:
1) Do econometricians have a rather paradoxical issue where the complexity of their math that arrived at a certain conclusion paints their world-view too rigidly, to the point where they are unable to identify the obvious at times, or present a false sense of certainty (Though I suppose that the “obvious” is subjective.)
A phenomenal breakdown of how econometrics has--and continues to--evolve. Could not agree more that though economists are moving towards answering smaller questions, but more precisely.
Two questions, and I’d love to hear what you think:
1) Do econometricians have a rather paradoxical issue where the complexity of their math that arrived at a certain conclusion paints their world-view too rigidly, to the point where they are unable to identify the obvious at times, or present a false sense of certainty (Though I suppose that the “obvious” is subjective.)
2) Are you on Twitter?!