bobbyd2323

3 ms·

1.
by bobbyd2323 1y ago
Lots of things are constrained optimization problems.
2.
by bobbyd2323 3y ago
Yep down
3.
by bobbyd2323 4y ago
I just use a big text file where I keep all notes and todos (do use a [] as well), separate dates in a structured way with most recent date at top. Typically edit it in emacs. It just keeps getting bigger and bigger, but it’s nice to have a
4.
by bobbyd2323 5y ago
Bootstrap
5.
by bobbyd2323 5y ago
Color me very very very skeptical it can solve a real-world problem for the average user.
6.
by bobbyd2323 5y ago
A lot of dynamic Econ models have some condition where my choice today depends on an expectation of the future. Like how much I choose to eat today depends in part on my best prediction of how much I’ll eat tomorrow. For aggregate decisions
7.
by bobbyd2323 6y ago
The Chamley-Judd finding of a 0% optimal capital tax is a very sticky result in optimal taxation theory. One way to think about is you want your tax system to walk as softly as possible while getting from point A to point B. Don’t distort i
8.
by bobbyd2323 7y ago
All models are wrong. Some are useful approximations for understanding and others for forecasting. In Econ for example, DSGE models are useful for asking counterfactuals but not great for forecasting. Lots of models are particularly suscept
9.
by bobbyd2323 7y ago
There are MANY CLTs. In general there is a memory-moment trade-off in assumptions for a given CLT. For example, you can relax the iid assumption to allow dependence between observations, such as a mixing condition, with the cost being you n