Neural Networks demonstration
- The rational expectations model of group behavior is operationalized through revealed preferences, and tests of the model have been possible only through aggregate statistics like the CPI. (Maybe Google will have a hand in more fine-grained tests.)
- Most economists never ask the why or how questions when it comes to preference formation. Take the Becker and Stigler classic as evidence.
- (Most importantly) The data didn't exist at least until Csikszentmihalyi started handing out pagers for the ESM project in the 1980s.
Source: Broken Symmetry
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Short answer2001-06-13 12:10:13 by datamouse
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Book (Armstrong Laboratory, Air Force Materiel Command)