Economia
His first book was on Economic Forecasting (1928), which unfortunately has never been translated into English. He presented a biting and insightful analysis as to why quantitative models would never be able to successfully predict the economic future. His three fundamental arguments were (1) that historical events are too unique and interdependently complex to be reducible to statistical probability analysis; (2) any public forecast easily will result in people taking the forecast into consideration, and therefore acting in ways different than what the forecast presumed; and (3) how individuals act is dependent on their expectations of how they expect others to act, and understanding and interpreting people’s subjective meanings and intentions is not readily reducible to strictly quantitative categories and classifications for statistical study.
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- Oskar Morgenstern (1902-1977)
Sobre o economista Oskar Morgensterin by Richard Ebeling· Today is economist Oskar Morgenstern’s birthday. Born on January 23, 1902, he passed away on July 26, 1977. Morgenstern is best known as one of the developers of Game...
- Anscombe's Quartet
Anscombe's quartet comprises four datasets that have identical simple statistical properties, yet appear very different when graphed. The datasets make a very good case for visualizing data, as the major differences cannot be found with a simple...
- Crescimento Econômico E Educação
Economic Growth Should Precede Education Few people dispute that pouring public education is good for economic growth. Well, you just met one. It has always been my contention that case-and-effect are reversed, sic.: poor countries must grow richer...
- Como Economistas Trabalham
Book Description Publication Date: September 17, 2012 During the last two centuries, the way economic science is done has changed radically: it has become a social science based on mathematical models in place of words. This book describes...
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Bom verbete! Law and Economics, by David D. Friedman: The Concise Encyclopedia of Economics: Library of Economics and Liberty Trecho: The economic analysis of law deals with legal rules, whether made by legislatures or by courts, from this second...
Economia
A impossibilidade de prognosticar a economia
His first book was on Economic Forecasting (1928), which unfortunately has never been translated into English. He presented a biting and insightful analysis as to why quantitative models would never be able to successfully predict the economic future. His three fundamental arguments were (1) that historical events are too unique and interdependently complex to be reducible to statistical probability analysis; (2) any public forecast easily will result in people taking the forecast into consideration, and therefore acting in ways different than what the forecast presumed; and (3) how individuals act is dependent on their expectations of how they expect others to act, and understanding and interpreting people’s subjective meanings and intentions is not readily reducible to strictly quantitative categories and classifications for statistical study.
Mais
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- Oskar Morgenstern (1902-1977)
Sobre o economista Oskar Morgensterin by Richard Ebeling· Today is economist Oskar Morgenstern’s birthday. Born on January 23, 1902, he passed away on July 26, 1977. Morgenstern is best known as one of the developers of Game...
- Anscombe's Quartet
Anscombe's quartet comprises four datasets that have identical simple statistical properties, yet appear very different when graphed. The datasets make a very good case for visualizing data, as the major differences cannot be found with a simple...
- Crescimento Econômico E Educação
Economic Growth Should Precede Education Few people dispute that pouring public education is good for economic growth. Well, you just met one. It has always been my contention that case-and-effect are reversed, sic.: poor countries must grow richer...
- Como Economistas Trabalham
Book Description Publication Date: September 17, 2012 During the last two centuries, the way economic science is done has changed radically: it has become a social science based on mathematical models in place of words. This book describes...
-
Bom verbete! Law and Economics, by David D. Friedman: The Concise Encyclopedia of Economics: Library of Economics and Liberty Trecho: The economic analysis of law deals with legal rules, whether made by legislatures or by courts, from this second...