shminux comments on Unemployment explanations - Less Wrong

28 Post author: Stuart_Armstrong 07 November 2014 05:12PM

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Comment author: shminux 07 November 2014 07:17:53PM *  1 point [-]

Do you know of any numerical models of economics which simulate and track each person (employer and employee) with their skills, preferences and such?

Comment author: Punoxysm 08 November 2014 03:08:56AM 6 points [-]

People make such models, but unknown parameters proliferate so rapidly that it's hard to say these simulations are accurate or even useful.