Our economic models have failed us. Anyone who has lived with the aftermath of the 2008 financial crisis knows that. Many have lost their jobs, or lost their investments and even their future prospects. Many who expected to have a smooth career path are getting by from contract to contract, or may even be chronically unemployed. The […]
Destroying the markets with flawed assumptions
Today’s blog post is by team member Dr. Giovanni Siepe, a theoretical physicist by training and an expert in statistical methods for management. The Nobel Prize in Economics for 2011 went to Thomas Sargent and Christopher Sims. The reason for assigning the Prize to Prof. Sargent is his model on cause and effects as applied […]
