“In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.”
Quote by Thomas J. Sargent
Author
You May Also Like
“It is inconceivable that people are motivated solely or even mainly by external incentives.”
Source: Capital in the Twenty-First Century
Source: Capital in the Twenty-First Century
