A tale of two workshops
Left underwhelmed by mainstream economics’ attempts to revolutionise the field, David Orrell found a more radical way of thinking among quantum physicists. Could quantum thinking provide the upheaval economics needs?
The insignificance of significance
In economics, statistical significance is often conflated with relevance, leading researchers to push data to fit with their theory. A Bayesian approach, instead, expects theories to evolve as data is collected. While this leads to less newsworthy findings, it is restoring statistics’ legitimacy
Are transport forecasting models accurate enough?
While many predictions are made on the future of the economy, finding reliable transport forecasting models can prove a logistical nightmare. No matter how well researched, it is still just that – a prediction
Guy Fawkes on the right
Vilfredo Pareto and the Occupy movement
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