Occasional musings about academia, research, travel, arts, and, most importantly, cycling.
Wednesday, December 15, 2010
Mathematical Models vs. the World
Maybe it's just my own math-phobia, but I become immediately suspicious when I see a paper that purports to explain an actual, functioning set of institutions in the world in purely mathematical terms (e.g., on a general equilibrium analysis). My experience is that the elegant modeling misses much of the really important stuff.