Lars P. Syll

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Does truth matter in economics? In my view, scientific theories are not to be considered ‘true’ or ‘false.’ In constructing such a theory, we are not trying to get at the truth, or even to approximate to it: rather, we are trying to organize our thoughts and observations in a useful manner. Robert Aumann What a handy view of science. How reassuring for all of you who have always thought that believing in the tooth fairy make you understand what happens to...

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Why diversity trumps ability  [embedded content] Advertisements

Lump to live — the rationale for categorical models  [embedded content] Great lecture by one of my favourite lecturers — Scott Page. Advertisements

Kruskal’s algorithm (student stuff)  [embedded content] Advertisements

Debt deflation and liquidity traps Deflationary policies are deflationary. To a large extent deflations have been caused by tight monetary and fiscal policies pursued by central banks. With a defensive fiscal policy and a targeted inflation rate set at a very low level, real inflation easily turn negative. Another consequence of austere fiscal and monetary policies is that overall unemployment get stuck at a high level. This is deeply worrying, especially...

Logical fallacies — the case of Donald Trump [embedded content] Advertisements

The statistical crisis in social science  [embedded content] Advertisements

Trig trick (student stuff)  [embedded content] Advertisements