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Captain Obvious: real world transactions don’t look anything like this.
by jpiabrantes 7y ago
Captain Obvious: real world transactions don’t look anything like this.
- empiricus 7y agoHow would you better model real world transaction?
- ploika 7y agoTo be fair, the answer to that question is probably someone's PhD thesis.
- empiricus 7y agoQuite possible, but he started with "Captain Obvious" so I hoped that meant he knows other models that are obviously better.
- randallsquared 7y agoEven if they do know other economic simulations which are better, it isn't a given that a better tool exists for every tool that doesn't ideally meet a need. Of course, you did say "hoped" instead of "expected"...
- TuringNYC 7y agoSometimes we needs to start with a simpler model, demonstrate concepts, and work our way up. Of course, it is important to acknowledge the model is simple.