Can We Trust What A Model Predicts?

When advanced modeling methods are used to investigate the health economics of complex treatments, efforts must be made to make sure that the model outcomes are reliable. Researchers at the University Eye Clinic in Maastricht developed a model that simulates the lives of glaucoma patients. With this model they aim to forecast the long-term efficiency of several treatment strategies for glaucoma ...

Business Has Bailed Out The Economists

In advance to the introduction of a recent article that I wrote for Business Insider regarding my new concept called Globalnomics, a good friend applauded me for laying out the fundamentals behind this new discipline, but questioned me as to my argument that Business exceeded Economics, telling me that he thought they both should be on the same plain.

U.S. Markets Mixed as Consumer Confidence Falls

Wall Street struggled Tuesday on reports that consumers had become more pessimistic about the job market and the overall economic recovery.

Earnings Outlook: Exxon Mobil, Chevron poised to post fatter profits

Exxon Mobil and Chevron are on track to report significantly higher profits as business in the oil and gas sector benefited from better refining margins during a quarter that also saw the worst oil spill in U.S. history.

Just how risky are Chinas housing markets?

Complementing todays piece on the Chinese property bubble, a cross-post from VoxEU, with some graphical depictions of how wild the bubble has become. The NYT article referenced in the piece is here RS. By Yongheng Deng, Professor of Real Estate and Finance at the National University of Singapore, Joseph Gyourko, Professor of Real Estate, [...]