Viewing profile — bobbyd2323

Lots of things are constrained optimization problems.

Yep down

I just use a big text file where I keep all notes and todos (do use a [] as well), separate dates in a structured way with most recent date at top. Typically edit it in emacs. It j…

Bootstrap

Color me very very very skeptical it can solve a real-world problem for the average user.

A lot of dynamic Econ models have some condition where my choice today depends on an expectation of the future. Like how much I choose to eat today depends in part on my best predi…

The Chamley-Judd finding of a 0% optimal capital tax is a very sticky result in optimal taxation theory. One way to think about is you want your tax system to walk as softly as pos…

All models are wrong. Some are useful approximations for understanding and others for forecasting. In Econ for example, DSGE models are useful for asking counterfactuals but not gr…

There are MANY CLTs. In general there is a memory-moment trade-off in assumptions for a given CLT. For example, you can relax the iid assumption to allow dependence between observa…