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“In an optimization-based model, preferences or payoffs are fundamental. In a rule-based model, the behavior is fundamental. Behavioral rules can be fixed or adapt.”
― The Model Thinker: What You Need to Know to Make Data Work for You
― The Model Thinker: What You Need to Know to Make Data Work for You
“To rely on a single model is hubris.”
― The Model Thinker: What You Need to Know to Make Data Work for You
― The Model Thinker: What You Need to Know to Make Data Work for You
“couldn’t claim that I was smarter than sixty-five other guys—but the average of sixty-five other guys, certainly. —Richard Feynman”
― The Model Thinker: What You Need to Know to Make Data Work for You
― The Model Thinker: What You Need to Know to Make Data Work for You
“The models that characterize the robustness of neuronal networks bear little resemblance to the molecular biology models used to explain brain cell function, which in turn differ from the psychological models used to explain cognitive biases.”
― The Model Thinker: What You Need to Know to Make Data Work for You
― The Model Thinker: What You Need to Know to Make Data Work for You
“When behavior is socially influenced, extreme actions can create spillovers. This occurs when political activists energize voters. We will encounter this effect of diversity when we model riots.”
― The Model Thinker: What You Need to Know to Make Data Work for You
― The Model Thinker: What You Need to Know to Make Data Work for You
Rpersivale’s 2025 Year in Books
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