Three Exceptions in Systematic Model Derivation

I recently wrote about a systematic, bias-minimizing approach to exploratory data analysis and model identification. This article clarifies my preferred process and adds two exceptions to the typical process. I begin by collecting data of interest. The data sets aren’t randomly assembled, but neither are they assembled with a particular operationalization in mind. I am … Read more Three Exceptions in Systematic Model Derivation

Project Managers and Knowledge Types

This article will discuss a fundamental economic inefficiency with Project Managers and Middle Management and how this leads into a delineation of knowledge types.   The Fundamental Problem With Project Managers and Middle Management “I don’t have the local knowledge to do this,” said my project manager. His words, not mine. Although I wasn’t sure … Read more Project Managers and Knowledge Types

The Endogeneity Problem of Fat Women

This article explains what an endogeneity problem is and an easy way to remember what it means. Variables in a mathematical model are either endogenous or exogenous. Exogenous, with the prefix exo- for outside or outer, are variables which come from outside of the model. In other words, they are given or assumed. Endogenous, with … Read more The Endogeneity Problem of Fat Women

The Death of Old Austrianism

This article will argue that much of the Austrian school of economics is not valid, although it may be resuscitated if certain key steps are quickly taken. The fact that it is not falsifiable makes it not scientific, but not necessarily invalid or useless. Philosophy and logic can be used with great power, sometimes with … Read more The Death of Old Austrianism

Edgar Schein on Values

In this article I will discuss the problem of dishonesty and talk about how Edgar Schein can help address the problem. In my work I have states repeatedly that worldview drives all kinds of actions. People pursue their own interests necessarily and tautologically. Those interests are determined by worldview and context. Worldview is essentially no … Read more Edgar Schein on Values