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Προβολή αναρτήσεων από Αύγουστος, 2018

The Rolf Nevanlinna Prize

A few days ago I read that Constantinos Daskalakis got the Rolf Nevanlinna Prize for
 For transforming our understanding of the computational complexity of fundamental problems in markets, auctions, equilibria, and other economic structures. His work provides both efficient algorithms and limits on what can be performed efficiently in these domains. Thus, according to this, we now can somehow compute economies. However, even economists have started to realize that economies cannot be described with  mathematics only. In fact,  Why economists need to expand their knowledge to include the humanities is a recent article that discusses exactly this problem. Daskalakis's approach is based on the assumption that humans are Turing machines. Unfortunately, they are not and this is the reason why economists fail so miserably in their predictions. Furthermore, there are some other things that people who work in computational economics "fail" to realize. For example, even if…