Decision Modeling

Proper Use and Misuse of Modeling - DSA ADS Course 2022

DSA ADS Course - 2022

Discuss the proper use and misuse of modeling. Discuss formulating appropriate assumptions and danger of simplifying assumptions. Discuss methods to evaluate and judge reasonable, dubious or untestable assumptions.

Discuss appropriate setting of model specifications and parameters.

Discuss subjecting models to rigorous empirical tests to avoid creating an illusion of reality.

Review:

Models Only Say What They’re Told to Say

July, 2021

Abstract

This short note is a reminder that all models only say what they are told to say. There can therefore be no discovery by models—discoveries go into models—and thus models should only be used in their predictive form, and only trusted when they have demonstrated independent success.

See also: Proper Use and Misuse of Modeling - DSA ADS Course 2022

DSA ADS Course - 2022