Tag Archives: Economics
Brad DeLong bends Eric Zitzewitz’s ear.
Eric Zitzewitz
Brad DeLong
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Google’s auctions
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These 2 economists have been vilified in the past, but they are the best read when it comes to the Big Bailout.
- Paul Krugman
- Nouriel Roubini
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We will never have a perfect model of risk. — by Alan Greenspan
Alan Greenspan:
The most credible explanation of why risk management based on state-of-the-art statistical models can perform so poorly is that the underlying data used to estimate a model’s structure are drawn generally from both periods of euphoria and periods of fear, that is, from regimes with importantly different dynamics.
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