In Praise of Blindspots
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974
nobelprize.orgnobelprize.org
A model’s blind spots reflect the judgments and priorities of its creators.
Cathy O'Neil • Weapons of Math Destruction
he says there's a blind spot as the overwhelming mythology methodology for research in economics
has been to take observations over a short period time as if cause and effect sit on top
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
Blind spots appear in individuals, groups, institutions, societies, and systems; they reveal themselves in our theories and concepts in the form of deep epistemological and ontological assumptions.
C Otto Scharmer, Peter Senge (Foreword) • Theory U
The rise of professionalized economics makes it useful for organizations to incorporate groups of economists and econometric analyses. Though no one may read, understand or believe them, econometric analyses help legitimate the organization's plans in the eyes of investors, customers (as with Defense Department contractors), and internal participan... See more