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Tag Archives: models
Controversies around the Social Cost of Carbon
What is the social cost of carbon? That is,the monetary value of the long-term damages done by greenhouse gas emissions? Frank Ackerman from the Stockholm Environment Institute U.S. Center, recently gave a fascinating talk at the Stockholm Resilience Centre where … Continue reading
Posted in Ecological Economics, Reflections, Tools, Vulnerability
Tagged climate change, economics, Frank Ackerman, FUND model, models, SEI, social cost of carbon
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Resilience 2011: notes on regime shifts and coupled social-ecological systems
The Resilience 2011 conference was a unique opportunity to meet people and new ways of thinking about resilience. This post is dedicated to the sessions I enjoyed the most, and my research interests biased me towards sessions on regime shifts … Continue reading
Systems theorist Vladimir Arnold has died
Vladimir I. Arnold one of the major creators of dynamical systems theory used to represent ecological regime shifts died June 3rd this year. He was one of the creators of the mathematics behind what is known as catastrophe theory and … Continue reading
Posted in Regime Shifts
Tagged Andrey Kolmogorov, dynamical systems, math, models, Vladimir Arnold
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Andrew Gelman’s statistical lexicon
On his group’s weblog, influential Bayesian statistican Andrew Gelman proposes a statistical lexicon to make important methods and concepts related to statistics better know: The Secret Weapon: Fitting a statistical model repeatedly on several different datasets and then displaying all … Continue reading
Computer trading producing new financial dynamics?
In October 1987, stock markets around the world crashed, with the Dow Jones droping 22%. The causes of this crash are still unclear, but one of the suspected causes was computer automated trading. This concern lead attempts to design mechanisms … Continue reading
Shared pre-analytical vision, and groupthink and economics
On the Economix Blog, economist Uwe Reinhardt writes An Economist’s Mea Culpa that argues that economists have become locked into a too narrow pre-analytical vison of how the world works: Fewer than a dozen prominent economists saw this economic train … Continue reading
Posted in General
Tagged economics, financial crisis, models, Robert Shiller, Uwe Reinhardt
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Financial crisis: bad models or bad modellers
Australian economist, John Quiggin writes on Crooked Timber about the contribution of models to the financial crisis: The idea that bad mathematical models used to evaluate investments are at least partially to blame for the financial crisis has plenty of … Continue reading