tag:blogger.com,1999:blog-5404820640426099135.post7789752665172923494..comments2023-10-31T00:46:35.316+13:00Comments on Anti-Dismal: Colander on economics (updated)Paul Walkerhttp://www.blogger.com/profile/13731003529546075700noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5404820640426099135.post-1326955680989774272010-09-18T05:59:44.742+12:002010-09-18T05:59:44.742+12:00Economists failed to judge the capacity of the cit...Economists failed to judge the capacity of the citizens and their spending techniques, they should have given some warning, particularly when the Housing and real estate boom started.Thinking About Culturehttp://Visionomics.comnoreply@blogger.comtag:blogger.com,1999:blog-5404820640426099135.post-83073446198206837102010-09-17T17:50:27.998+12:002010-09-17T17:50:27.998+12:00Searching in the light as a way of exploring the d...Searching in the light as a way of exploring the darkness is a nice metaphor for statistical inference. It occurs to me that Colander's observations are applicable to more than economics. I've suspected for a while that searching in a single place under the lamppost because that's where the funding is is what a lot of global warming studies are really about. The quoted statement that a model neither “can nor should fit most aspects of the data” is alarming (assuming it hasn't been taken badly out of context) but not as alarming as the attitude (as evinced by certain East Anglia climate scientists) that when the data does not fit aspects of the model then the data should be manipulated to fit the model.dragonflynoreply@blogger.com