Sunday, September 29, 2013
With formal statistics, you say something -- a hypothesis -- and then you test it. Harry always said that your criterion should be not whether or not you can reject or accept the hypothesis, but what you can learn from the data. The best thing you can do is use the data to enhance your description of the world. That has been the guiding light of my research. You should use market data to understand markets better, not to say this or that hypothesis is literally true or false. No model is ever strictly true. The real criterion should be: Do I know more about markets when I'm finished than I did when I started? Harry's lesson is one that I've passed on to my students over the 49 years that I've been a teacher.
Saturday, September 28, 2013
Why tough teachers get good results? from WSJ.
I like this:
I like this:
"Meanwhile, American students struggle with complex math problems because, as research makes abundantly clear, they lack fluency in basic addition and subtraction—and few of them were made to memorize their times tables."
"The bottom line, Prof. Weisberg told me, is that creativity goes back in many ways to the basics. "You have to immerse yourself in a discipline before you create in that discipline. It is built on a foundation of learning the discipline, which is what your music teacher was requiring of you."
Wednesday, September 25, 2013
Monday, September 23, 2013
Friday, September 20, 2013
Wednesday, September 18, 2013
Tuesday, September 3, 2013
|-||1. The Conscience of a Liberal||100.0||100.0||1.2|
|New Entry ★||2. Economix||61.7||64.9||1.1|
|New Entry ★||3. FT Alphaville||60.8||52.0||1.4|
|New Entry ★||4. Vox||57.4||56.5||1.2|
|2 ↓||5. Marginal Revolution||53.1||63.4||1.0|
|2 ↓||6. Brad Delong||50.8||61.3||1.0|
|5 ↓||7. Economist’s View||50.6||62.8||1.0|
|9 ↑||8. Zero Hedge||49.0||57.7||1.0|
|2 ↓||9. Naked Capitalism||40.4||48.0||1.0|
|4 ↓||10. Econbrowser||36.2||42.0||1.0|
|-||11. The Big Picture||35.9||42.6||1.0|
|2 ↓||12. EconLog||35.9||45.3||0.9|
|4 ↓||13. The Money Illusion||30.2||48.0||0.7|
|9 ↓||14. Greg Mankiw’s Blog||30.1||36.6||1.0|
|5 ↑||15. Economic Policy Institute||28.7||35.7||0.9|
|3 ↓||16. Calculated Risk||28.6||25.5||1.3|
|23 ↑||17. Next New Deal||26.2||24.0||1.3|
|New Entry ★||18. On the Economy||25.1||33.3||0.9|
|4 ↓||19. Crooked Timber||24.5||26.4||1.1|
|6 ↓||20. Freakonomics||23.4||32.4||0.8|