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2008-11-21 Home Front Economy

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Posted by tipper 2008-11-21 05:44|| || Front Page|| [1 views ] Top

#1 Brute force methods encourage careless thinking.

Posted by g(r)omgoru 2008-11-21 08:32|| 2008-11-21 08:32|| Front Page Top

#2 Believing everything a computer spits out is a recipe for disaster - witness gerbil worming and it's apostles...

Posted by M. Murcek">M. Murcek 2008-11-21 11:44|| 2008-11-21 11:44|| Front Page Top

#3 GIGO - garbage in, garbage out

So, those garbage global warming models didn't give you pause or were you just using them to push your little scheme to ~~extort~~ fleece the gullible as well?

Posted by Procopius2k 2008-11-21 12:20|| 2008-11-21 12:20|| Front Page Top

#4 The single best explanation I've seen so far was "The End" by Michael Lewis

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom

Posted by Plastic Snoopy 2008-11-21 12:44|| 2008-11-21 12:44|| Front Page Top

#5 Try SimCity.

Posted by swksvolFF 2008-11-21 13:03|| 2008-11-21 13:03|| Front Page Top

#6 This is a copout. Computers don't generate models. Humans do. Computers don't make decisions. Humans do.

Posted by Zhang Fei 2008-11-21 16:35|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-11-21 16:35|| Front Page Top

#7 Humans choose to use 'blackboxes' over common sense. If the 'blackboxes' didn't exist, they would find another excuse, but they would seek one out none the less.

Posted by Procopius2k 2008-11-21 17:24|| 2008-11-21 17:24|| Front Page Top

#8 This is a copout. Computers don't generate models. Humans do. Computers don't make decisions. Humans do.

Nobody can generate valid (reality describing/predicting) numerical models in economics. That Zhang, because parameters of such a model are continuous random variables rather than constants.

Posted by g(r)omgoru 2008-11-21 18:34|| 2008-11-21 18:34|| Front Page Top

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