a.h.roslan harahap
Friday, October 24, 2008
Assumptions and Usefulness of a Model
Milton Friedman
, a Nobel Laureate in Economics, argues that if a model is successful in its prediction, then the model is useful, even if the simplifying assumptions are not strictly true.
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
Milton Friedman, a Nobel Laureate in Economics, argues that if a model is successful in its prediction, then the model is useful, even if the simplifying assumptions are not strictly true.
No comments:
Post a Comment