We Don’t Trust Ourselves

My Maths for Micro professor said this during my (incredibly intense) MSc pre-sessional math and statistics course today:

“Quadratic forms are the simplest functions that are used after linear ones. They are used because they allow economists to have a handle over what is going on. However, this still doesn’t mean that economists actually HAVE a handle over what is going on.”

How true, how true.

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