Monday, April 2, 2018

More debate about models

Stabilising the real economy increases average output
Yes, an aggregate model of agents under rules would predict a relationship between mean and variance. Relative to another any configuration, we expect entry  and exits, we spend moments marking down.  A fine theorem, applies to avalanches also, seems to me. Read the article, see if they find tipping points. 

I didn't read it, the title?  In the VC business the metaphor was steam engine, not avalanches. Could the business plan equally describe a steam engine company.

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