4/14/14

The Limits of Statistics, Yet Another Example. Will Anything Chage?

Sometimes it seems that--in contrast to Kuhn and the notion of paradigm shift--no matter what is done to advance the state of things, the aggregate remains entrenched in convention, unable to wiggle free to the better idea.  Case in point: Bayesian statistics, computational modeling, big data science, topographical neural nets, viral computing, network analysis, mutli-agent modeling, complexity methods, applied mathematics -- where are the social sciences?

Anyway, here is yet another excellent thought piece on the limits of statistics for economic inquiry--CLICK HERE.  It is by Nassim Nicholas Taleb, Distinguished Professor at NYU.  Disagree or not, it is a good read.


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