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Oversimplifying leads to confidently wrong predictions based on superficial understanding. Basic intuition about differential equations doesn't meaningfully hel
by bulatb 4y ago
Oversimplifying leads to confidently wrong predictions based on superficial understanding. Basic intuition about differential equations doesn't meaningfully help you with the math of economic models, nor is math alone enough to understand what happens in a complex system made of people.
You may be better off not knowing anything and knowing that you don't.
Edit: Not to say it's good not to know things in general. Just that there's some minimum you need to know for it to practically help you, and sometimes it's a lot.
- lamontcg 4y agoZero knowledge doesn't prevent anyone from being confidently incorrect (in fact it seems to encourage it).
- bulatb 4y agoThat's true. But if zero knowledge doesn't help, and a little more won't either, then why make people suffer to acquire that little bit more? Which I guess just brings us back to the top of the question. My bad.