A Quote by Edmund Phelps
I could try to incorporate or reflect in my models what it is that an employee, manager, or entrepreneur does: to recognize that most are engaged in their work, form expectations and evolve beliefs, solve problems, and have ideas. Trying to put these people into economic models became my project.
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The climate-studies people who work with models always tend to overestimate their models. They come to believe models are real and forget they are only models.
Most business models have focused on self interest instead of user experience. Those are the kinds of problems we solve to solve.
Economic theorists, like French chefs in regard to food, have developed stylized models whose ingredients are limited by some unwritten rules. Just as traditional French cooking does not use seaweed or raw fish, so neoclassical models do not make assumptions derived from psychology, anthropology, or sociology. I disagree with any rules that limit the nature of the ingredients in economic models.
There is a rumour that I can't draw and never could. This is probably because I work so much with models. Models are one of the most beautiful design tools, but I still do the finest drawings you can imagine.
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with everyday observation.
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.
There are great slender models, great tall models, Amazonian models, great busty models - my point is models of all shapes and sizes, age, ethnic background should be embraced and celebrated.
I think it is undeniably true that the human brain must work in models. The trick is to have your brain work better than the other person's brain because it understands the most fundamental models- ones that will do most work per unit.
I did gymnastics, I wanted to be like Dominique Dawes. But the good think about role models is that you don't just have them when you are kid. My role models from WWE came when I was older. When I was 27, my role models from WWE became Jacqueline and Beth Phoenix.
I think there's inherently an issue that models will literally never be able to handle, which is that when somebody comes along with a new way of doing something that's really excellent, the models will not recognize it. They only know how to recognize excellence when they can measure it somehow.
I've never isolated role models based on gender. I have more male role models due to the mere fact that I've done business with more of them and they're leaders within the verticals I work. Of those, Tony Hsieh, CEO of Zappos.com, is an entrepreneur and personal friend that I have a great deal of respect for.
My attempt has been really to, beyond making a record of contemporary life, which is what you inevitably do, is trying to make beautiful books - books that are in some way beautiful, that are models of how to use the language, models of honest feeling, models of care.
Most people have their best ideas when they take their minds away from problems they're trying to solve.
We refuse to recognize problems of form, but only problems of building. Form is not the aim of our work, but only the result. Form, by itself, does not exist. Form as an aim is formalism; and that we reject.
Part of the challenge of being an entrepreneur, if you're going for a really huge opportunity, is trying to find problems that aren't quite on the radar yet and try to solve those
Part of the challenge of being an entrepreneur, if you're going for a really huge opportunity, is trying to find problems that aren't quite on the radar yet and try to solve those.
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