Hard to be an Economist

Comments Off
Posted in economics by Francisco Marco-Serrano @ Dec 31, 2008

"The early anatomists of the human body suffered from a shortage of fresh cadavers to work on. Medical students would trek long distances to watch a dissection performed. Economists often find themselves in a similar predicament. Short of good empirical meat, they have to rely on elaborate theory and guesswork to fill in what they cannot observe."

International bright young things

From The Economist print edition, Dec 30th 2008.

Similar Posts:

Witchcraft?

Comments Off
Posted in decision theory by Francisco Marco-Serrano @ Dec 28, 2008

Decision Science ain’t to take the mickey. DS is very useful, with many applications and methodologies. However, sometimes we can find ourselves puzzled. I imagine this must be like when I explain what Business Strategy is, considering it a mix of SCIENCE with a hint of ART. I already talked about this [here], comparing the OR-ers with ARTISTS. This sounds cool…

 

…but now we’re getting really into the dark side of OR: Poppelaars’ OR at Work reveals us the secret in ‘Forecasting: Witchcraft or Science?‘.

Similar Posts:

OR & Season’s Greetings

Comments Off
Posted in operations research by Francisco Marco-Serrano @ Dec 23, 2008
 

Similar Posts: