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Today is Alan Greenspan's last day on the job. On this day, I am reminded of a former professor's comment about Alan Greenspan's penchant for ambiguity:
"Wouldn't it be great to hear Alan Greenspan respond to the common student query 'What will the test cover?'"
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» Greenspan Used Data Not Dogma from LeaderNotes
Greenspan deployed his version of Bayesian decision-making by deliberately risking small mistakes to avoid much bigger ones. That meant managing contradictions and ambiguity, something most of us find quite distasteful. [Read More]
» Greenspan Used Data Not Dogma from LeaderNotes
Greenspan deployed his version of Bayesian decision-making by deliberately risking small mistakes to avoid much bigger ones. That meant managing contradictions and ambiguity, something most of us find quite distasteful. [Read More]
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Excellent!
Posted by: William Polley | January 31, 2006 at 04:34 PM