causal

Incentives Reward Modeling Complexity And Confidence

PhD programs put a huge premium on developing and solving complicated models, and confident modelers who claim their calibrations reveal truth get more credit than they deserve because people want scientific-seeming answers, so the reward structure pushes against the humility the profession needs.

causalpending

Speaker

Paul Pfleiderer

Evidence Quote

They are going to be probably given more credit than they deserve. People want answers.

Source

Paul Pfleiderer on the Misuse of Economic ModelsEconTalk
Created: 6/13/2026, 12:27:00 AM

My Notes

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