{"id":16692,"date":"2014-07-20T22:46:00","date_gmt":"2014-07-21T04:46:00","guid":{"rendered":"http:\/\/ishmaels.net\/blog\/?p=16692"},"modified":"2014-07-20T22:46:00","modified_gmt":"2014-07-21T04:46:00","slug":"theory-and-things-that-can-and-do-go-wrong","status":"publish","type":"post","link":"https:\/\/www.ishmaels.net\/blog\/2014\/07\/20\/theory-and-things-that-can-and-do-go-wrong\/","title":{"rendered":"Theory and things that can and do go wrong?"},"content":{"rendered":"

Pulled this from some economic\/Investment reading and I feel<\/strong> it applies to more than economics\u2026 like Environment and Geology for two..<\/p>\n

\u201cThe problem we have today in economics is that many people, and not a few economists, seem to regard economics as \u201cpure science,\u201d as described above by Gauri Shankar Shrestha. If you delve deep into measurement theory<\/font><\/u><\/strong>, you find that all too often the way in which you measure something determines the results obtained from your experimental model. How you measure the effectiveness of a drug can sometimes determine whether it gets approved \u2013 apart from whether it actually does any good. The FDA actually works rather hard at measurement theory.<\/em><\/p>\n

And if you\u2019re using models, as we do in economics, to determine policies that govern nations, your efforts can result in economic misdirection that seems for a time to work but that all too often can lead to a disastrous Endgame. A short-sighted economic policy is not unlike a drug that makes one feel good for a period of time but ultimately leads to further weakness or collapse.\u201d<\/em><\/p>\n

Use the above statement and reflect on :<\/p>\n

1.  Global Warming\u2026 my opinion is that the measurements they are using to prove one<\/strong> way or the other are based on a very short term (global age) set<\/strong> of points\u2026 in the 50\u2019s were were headed to another ice age, now it is global warming\u2026 I do believe that man kind is contributing to some small amount with pollution by use<\/strong> of hydrocarbon based materials but looking at the global age<\/strong> the earth has been going<\/strong> through cycles of warming and cooling (think dinosaurs and Ice age<\/strong> facts)\u2026 <\/p>\n

2. Earthquake increase from some man made input \u2026 yes the \u201cFRACKING\u201d could be \u201cassisting\u201d the increase of some area earthquakes but have not the earth (in some areas) gone through these increases before (think mountains and shifting plates)\u2026 I have read that the earthquake numbers in Oklahoma are increasing but there was also an increase in the 50\u2019s, just not as many recorders and so much concern then?  I agree that the injection of fluids in different areas from where they have come could be pushing the earth to more quakes in some areas but if \u201cFRACKING\u201d is the cause then why are not all areas that are having the big oil push for \u201cFRACKING\u201d having earthquakes?  (think N. Dakota, West Texas, Denton Tx, South Tx, West VA, Ohio \u2013 all areas with a huge increase in \u201cFRACKING\u201d that does not appear to have drastically increased the number<\/strong> of quakes there? )<\/p>\n

 <\/p>\n

Just my opinions and the 2 cents I gave for them\u2026<\/p>\n

WD0AJG<\/p>\n","protected":false},"excerpt":{"rendered":"

Pulled this from some economic\/Investment reading and I feel it applies to more than economics\u2026 like Environment and Geology for two..<\/p>\n

\u201cThe problem we have today in economics is that many people, and not a few economists, seem to regard economics as \u201cpure science,\u201d as described above by Gauri Shankar Shrestha. If you delve deep into measurement theory, you find that all too often the way in which you measure something determines the results obtained from your experimental model. How you measure the effectiveness of a drug can sometimes determine whether it gets approved \u2013 apart from whether it actually does any good. The FDA actually works rather hard at measurement theory.<\/p>\n

And if you\u2019re using models, as we do in economics, to determine policies <\/p>\n

“And Now the Rest of the Story – “Theory and things that can and do go wrong?<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[30],"class_list":["post-16692","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-work","odd"],"yoast_head":"\nTheory and things that can and do go wrong? - And That was How it Went<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ishmaels.net\/blog\/2014\/07\/20\/theory-and-things-that-can-and-do-go-wrong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Theory and things that can and do go wrong? - And That was How it Went\" \/>\n<meta property=\"og:description\" content=\"Pulled this from some economic\/Investment reading and I feel it applies to more than economics\u2026 like Environment and Geology for two.. \u201cThe problem we have today in economics is that many people, and not a few economists, seem to regard economics as \u201cpure science,\u201d as described above by Gauri Shankar Shrestha. 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There are not many open receptors for differing thoughts. Cases in point - Global Warming, Peak Oil, Republican vs. Democrat.... and on. My title could also read \"figures never lie but liars\u2026","rel":"","context":"In "Life"","block_context":{"text":"Life","link":"https:\/\/www.ishmaels.net\/blog\/category\/life-and-or-living-daily\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59370,"url":"https:\/\/www.ishmaels.net\/blog\/2016\/04\/13\/saving-money\/","url_meta":{"origin":16692,"position":2},"title":"Saving money?","author":"wd0ajg","date":"April 13, 2016","format":false,"excerpt":"\u00a0 Not sure how this works , but I signed up and added the extension to my Chrome page\u2026 it is supposed to find the cheapest or latest coupon for stuff you are about to purchase online?\u00a0 If your interested click this link below. Save Money","rel":"","context":"In \"Abundance Economics\"","block_context":{"text":"Abundance Economics","link":"https:\/\/www.ishmaels.net\/blog\/tag\/abundance-economics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58870,"url":"https:\/\/www.ishmaels.net\/blog\/2015\/11\/05\/the-saying-is-that-money-talks\/","url_meta":{"origin":16692,"position":3},"title":"The saying is that \u201cMoney Talks\u201d","author":"wd0ajg","date":"November 5, 2015","format":false,"excerpt":"Yep I can agree with that\u2026 but all mine says is \u201cGoodbye\u201d\u2026 Found this in the recent financial reading\u2026 I think I need to go to some of those pointy places and ask for some to spread it around? \u00a0 Well all except the ones I hate or fear\u2026 hummm\u2026","rel":"","context":"In \"Abundance Economics\"","block_context":{"text":"Abundance Economics","link":"https:\/\/www.ishmaels.net\/blog\/tag\/abundance-economics\/"},"img":{"alt_text":"where the money is","src":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2015\/11\/where-the-money-is_thumb.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2015\/11\/where-the-money-is_thumb.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2015\/11\/where-the-money-is_thumb.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2015\/11\/where-the-money-is_thumb.jpg?resize=700%2C400 2x, https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2015\/11\/where-the-money-is_thumb.jpg?resize=1050%2C600 3x"},"classes":[]},{"id":13281,"url":"https:\/\/www.ishmaels.net\/blog\/2013\/02\/03\/super-bowl-and-market-prediction\/","url_meta":{"origin":16692,"position":4},"title":"Super Bowl and Market Prediction","author":"wd0ajg","date":"February 3, 2013","format":false,"excerpt":"He has it linked up so it must be a winner?\u00a0 I don\u2019t think I will bet the house on this as I am just not sure yet but decent argument\u2026. Picked from\u00a0 Motley fool post\u2026 \u00a0 We all know the \"Fact\", if AFC wins, market is down for the\u2026","rel":"","context":"In \"Abundance Economics\"","block_context":{"text":"Abundance Economics","link":"https:\/\/www.ishmaels.net\/blog\/tag\/abundance-economics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15828,"url":"https:\/\/www.ishmaels.net\/blog\/2014\/04\/26\/beat-the-market-average-six-times-over\/","url_meta":{"origin":16692,"position":5},"title":"Beat The Market Average\u2026 Six Times Over","author":"wd0ajg","date":"April 26, 2014","format":false,"excerpt":"Lately the broad market has been blown away by growth in the energy sector. And it's no small difference: the S&P Energy Index has outperformed the S&P 500 average in one-month gains by 750%! As growth stocks lose favor to value stocks in the current market rotation, energy companies increasingly\u2026","rel":"","context":"In \"Abundance Economics\"","block_context":{"text":"Abundance Economics","link":"https:\/\/www.ishmaels.net\/blog\/tag\/abundance-economics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts\/16692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/comments?post=16692"}],"version-history":[{"count":0,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts\/16692\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/media?parent=16692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/categories?post=16692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/tags?post=16692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}