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> She says she didn't publish this model for glory, but she also named it after herself. Aren't many Nobel Prizes in Economics done like that? Take some well-k
by bitL 6y ago
> She says she didn't publish this model for glory, but she also named it after herself.
Aren't many Nobel Prizes in Economics done like that? Take some well-known math/physics formula, rename variables to make them represent some economic quantities, name the resulting formula after oneself, publish, get the prize?
- tjs8rj 6y agoAny examples? Not something I've ever noticed but would love to read about.
- tacon 6y agoI think the Black-Scholes option pricing model reapplied a well known result from neutron transport in nuclear engineering.
- deleted 6y ago[deleted]
- jjk166 6y agoBoth the Black-Scholes formula and the Neutron Transport Equation are instances of the heat equation, which describes a wide variety of different phenomena.
- newswasboring 6y ago> rename variables to make them represent some economic quantities You cannot trivialize this step. Most people's job in data analysis is basically this. Figuring out what quantity fits where in the formula _is_ the research. edit: To make it clear, it would have been fine if here model explained something using trapezoidal formula. But she seems to be claiming the formula, not a model.