In this day and age of AI, I think it's worth trying to build a better economy simulator without having any existing economic models in mind. Addressing this from a programming point of view could lead to interesting results.
With no reports of funds consistently beating the market in a surprising way.
There’s no consistent way to make money. You can exploit small details about how each market works, but in a short time everyone will notice and copy you. It’s like a market without patents. People talk, the trade ideas spread. Like wildfire. Too fast even for a quant to make sense - good managers can tell if a piece of info is hot. No manager will ever be able to tell whether a stock will outperform.
It's a common misconception about hedge funds that objective is to outperform market.
The objective is to maximize profit per unit of risk taken.
If hedge fund made 20% less than market but took 50% less risk, that's a MASSIVE value proposition.
(now, one could argue they fail at that too, but that's more difficult to prove)
Would rich people be able to stop you from creating a good economy simulator? At the end of the day, it's programming. Someone who has studied economics could make that without rich people coming after him. I argue that no one would come after you if you were to do so.
Yeah, but you also need to compare it with real world data. Without grounding, the simulation will be very limited.
So you need to understand the real-world monetary flows to a sufficient level of detail. You need to understand who actually owns what, and how the power is exerted. And the rich people are against that, for example, in most developed countries (with IIRC notable exception of Norway and Sweden) the tax fillings are private.
Also, it's kind of difficult to understand actual production, because private companies keep the data on production costs secret.
On top of that, there is little culture of data sharing in economics profession. Again, mostly because the data are very valuable to companies and individuals, profit takes precedence to public understanding.
So the fact of the matter is, lot of powerful people (and perhaps most middle class as well) don't want the level of transparency required to build a meaningful model.
It's true that nobody will come after you if you try to program it. But also, you won't get much support from the existing, mostly neoliberal, institutions.
Yes because a rich person demands I pay them money for housing, which among other things I need to survive, and my precious programming time is spent under a different rich person to get that money.
It would be very interesting for us to learn about something in ancient Egypt that is equivalent to white noise today. I think the issue of storage should be solved and made abundant. We should not be worrying about what to save, but rather what if we cannot save.
The M1 Mac Studio has just disappeared from the Apple website. Maybe this disappearance could indicate how great of a deal it would have been if it had remained on sale at a lower price.
That is not the norme, it happen but for very small number of videos, you can not getrid of important functionality on the site as a dislike buttn jut to prevent few of these incidents from happening
