Chance News 107: Difference between revisions
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==Quotations== | ==Quotations== | ||
"Mr. Slemrod [a public finance economist at the University of Michigan] also urged economists to talk in terms of ranges rather than point estimates when discussing how taxes affect the economy, to reflect the fact that these figures are simply educated guesses. But he understands why they don’t. 'Washington wants a number,' he said. “Washington doesn’t like confidence intervals.'" | "Mr. Slemrod [a public finance economist at the University of Michigan] also urged economists to talk in terms of ranges rather than point estimates when discussing how taxes affect the economy, to reflect the fact that these figures are simply educated guesses. But he understands why they don’t. 'Washington wants a number,' he said. “Washington doesn’t like confidence intervals.'" | ||
<div align=right>in: [How economists forecast growth under Jeb Bush? By guessing], ''New York Times'', 14 September 2015 </div> | <div align=right>in: [http://www.nytimes.com/2015/09/15/upshot/how-economists-forecast-growth-under-jeb-bush-by-guessing.html?ref=business How economists forecast growth under Jeb Bush? By guessing], ''New York Times'', 14 September 2015 </div> | ||
Submitted by Bill Peterson | Submitted by Bill Peterson | ||
Revision as of 21:03, 16 September 2015
Quotations
"Mr. Slemrod [a public finance economist at the University of Michigan] also urged economists to talk in terms of ranges rather than point estimates when discussing how taxes affect the economy, to reflect the fact that these figures are simply educated guesses. But he understands why they don’t. 'Washington wants a number,' he said. “Washington doesn’t like confidence intervals.'"
in: How economists forecast growth under Jeb Bush? By guessing, New York Times, 14 September 2015
Submitted by Bill Peterson
Forsooth
The last edition of Chance News presented a story on Lightning and the lottery, which is reminiscent of the following greeting card:
Submitted by Alan Shuchat