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Nick_Rowe
searching PlanetScale…
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Nick_Rowe
14y ago
Thanks psuet. I'm not one of those guys who goes around saying "mainstream economics is wrong and ignorant". Well, OK, we are often wrong and ignorant, but people who aren't in mainstream economics are usually even more wrong and ignorant!
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Nick_Rowe
14y ago
pseut: "so you can estimate the parameters as \hat parameters = argmin (average_over_t speed(gas_t, slope_t, parameters) - const)^2" No you can't. Think about it. 1. If the driver has as much information as the econometrician, setting both