A Quote by Joseph Stiglitz

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. — © Joseph Stiglitz
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.
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.
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.
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.
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.
Modern economics is a set of formal models and equations purporting to fully determine human behaviour, at least in the economic realm. And there is no way that uncertainty can be compressed into determinate mathematical models.
I love so much the models from the '60s and the '70s. They were extremely professional, great models who knew how to work the camera so well and loved fashion and had a great sense of style.
Of course there are some models who are not good, but it has been proven that some models can act. Look at Kim Basinger, Sharon Stone or Andie MacDowell, who were all models - they are really fantastic actresses.
I don't understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
I don't want to be anyone's role model. My mole models were assholes. My role models are dead. My role models never made it to 30, so I'm a bad person to ask for advice.
It would be lovely to live in a world where trans-female models were treated as female models, and trans-male models were treated the same as male models rather than being a niche commodity.
The Internet produces new business models and also reinvents traditional business models.
There's a lot of amazing women out there. There's a lot of hot models. But models are the worst, because they're models, you have to always step up and always look good.
A girl's career today doesn't have the same kind of life span, whereas it used to be a collaboration and a partnership and it continued. Peter Lindbergh still uses girls - like, look at Amber Valetta - so there are some photographers that have relationships long-term with models. I also think that the industry can't support the amount of models that exist right now and therefore the relationships between photographers and models and even the clients is short lived.
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.
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