4 ms·
The problem is: the normal assumption is just an assumption with a very interesting asymptotic property. That makes it good for computations. However, Nature a
by pfortuny 7y ago
The problem is: the normal assumption is just an assumption with a very interesting asymptotic property. That makes it good for computations.
However, Nature and more specifically economic events have little asymptotics in them (mainly isolated things like crises, earthquakes, crashes, accidents...).
I tend to agree with him on this.
He is not against science. He is mostly against economic modellers.