Re: Edward Prescott, Idiot
From: Igor (jjweatherby_at_houston.rr.com)
Date: 10/28/04
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Date: Thu, 28 Oct 2004 05:55:20 GMT
Robert Vienneau wrote:
> In article <7kLfd.6791$LT1.5725@trnddc09>, "sinister"
> <sinister@nospam.invalid> wrote:
>
>
>>"Robert Vienneau" <rvien@see.sig.com> wrote in message
>>news:rvien-C00412.05244227102004@news.dreamscape.com...
>>
>>> "It's easy to get over $200,000 in income with two wage earners in a
>>> household."
>>> -- Edward Prescott
>>><http://www.azcentral.com/arizonarepublic/business/articles/1019Prescott
>>>1
>>>9.html>
>
>
>
>>Did you see the thread I started, "Fine work by our new Nobelist"?
>
>
> Yes. It was about another dubious statement by Prescott.
>
A "dubious" statement supported by data. A "dubious" statement that was
robust to different measurements. The statement surprised me but the
data supported it when Fisher did his analysis and Prescott's analysis
supported the statement as well.
If you want to still call statements backed by data dubious then I can
understand why you often can not see the obvious.
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