RT @jgkoomey: @A_Siegel @dhofstetter_x @hausfath @MichaelEMann @leahstokes Scher, Irene, and Jonathan G. Koomey. 2011. "Is Accurate Forecas…
RT @jgkoomey: @Peters_Glen @marlowehood @KetanJ0 @SaleemulHuq @MichaelEMann Scher, Irene, and Jonathan G. Koomey. 2011. "Is Accurate Foreca…
RT @jgkoomey: @ClarkWDerry @mattyglesias Something you might enjoy: Scher, Irene, and Jonathan G. Koomey. 2011. "Is Accurate Forecasting of…
RT @jgkoomey: @RenewableDoug @scottleibrand @toxicpath @noahqk @gilbeaq @JesseJenkins @GernotWagner Scher, Irene, and Jonathan G. Koomey. 2…
@geoengineering1 @HoneggerM @aipartanen @JesseLReynolds @mclaren_erc @annamariahubert @Eaterofsun @DanieleVisioni @DrJaneFlegal Ahh, I see. However, I do think there is an argument that some systems have a form of structural constancy, while others probab
RT @jgkoomey: @RThonig @jasonhickel Economic systems are not the same as physical systems, but economists mistakenly seem to think they are…
RT @jgkoomey: @RThonig @jasonhickel Economic systems are not the same as physical systems, but economists mistakenly seem to think they are…
RT @jgkoomey: @RThonig @jasonhickel Economic systems are not the same as physical systems, but economists mistakenly seem to think they are…
RT @jgkoomey: @RThonig @jasonhickel Economic systems are not the same as physical systems, but economists mistakenly seem to think they are…
@SteadyStateEcon
RT @mtobis: Is accurate forecasting of economic systems even useful, in the light of your question about agency? As my friend the late Pa…
RT @mtobis: Is accurate forecasting of economic systems even useful, in the light of your question about agency? As my friend the late Pa…
RT @mtobis: Is accurate forecasting of economic systems even useful, in the light of your question about agency? As my friend the late Pa…
RT @mtobis: Is accurate forecasting of economic systems even useful, in the light of your question about agency? As my friend the late Pa…
Is accurate forecasting of economic systems even useful, in the light of your question about agency? As my friend the late Paul Baer said in this context - you don't *predict* whether you will go downtown, you *decide* whether to go downtown.
RT @jgkoomey: @JesseJenkins Background: Scher, Irene, and Jonathan G. Koomey. 2011. "Is Accurate Forecasting of Economic Systems Possible?"…
@Camburnclimate @SciGibson @curryja @PaulRoundy1 @stdondley @Mistrtim @GeraldKutney @jackklok Physical systems have structural constancy, which probably makes such projections more reliable than those for systems which don't have such a property. https://
RT @jgkoomey: @ScipioAcheronus A key article that talks about lack of structural constancy in econ systems: Scher, Irene, and Jonathan G. K…
RT @jgkoomey: @ScipioAcheronus A key article that talks about lack of structural constancy in econ systems: Scher, Irene, and Jonathan G. K…
RT @jgkoomey: @JesseJenkins @theilmatic @janvmaz @drvox @AukeHoekstra @MLiebreich @CostaSamaras @greg_nemet This article has an example of…
@patrick_s_smart @mtobis @RichardOSeager @granlund_aarne @stevebloom55 @Erasmus111 @Peters_Glen The problem with social systems is that they don't have the same structural constancy as physical systems. e.g., https://t.co/hzGTjvNDfs
@jgkoomey @arvindpawan1 I venture that economics is better construed as a branch of engineering than a branch of science https://t.co/NCnEWc5zSB
RT @jgkoomey: @mtobis @arvindpawan1 Also, physical phenomena have structural constancy (within some bounds) while economic systems generall…
RT @jgkoomey: @mtobis @arvindpawan1 Also, physical phenomena have structural constancy (within some bounds) while economic systems generall…
RT @jgkoomey: @mtobis @arvindpawan1 Also, physical phenomena have structural constancy (within some bounds) while economic systems generall…
RT @jgkoomey: @mtobis You cover the territory well. Don't forget about structural inconstancy of econ systems! https://t.co/R9l77ajFZg
"structural constancy" important point; well said. Still I think we should decide the future, not predict it. Free people have free will. https://t.co/r2wCqj6Ppw
RT @jgkoomey: @drvox Absolutely! Physical systems very different from market systems. No structural constancy in the latter. https://t.co/…
@drvox Accurate forecasting of economic and social systems isn't possible, and we need to accept that. http://t.co/R9l77ajFZg
@drvox Accurate forecasting of economic and social systems isn't possible, and we need to accept that. http://t.co/R9l77ajFZg