factual

Ten Experts Yield Ten Different Models

For genuinely tractable physical problems ten physicists would produce essentially the same model of how a pool player or fielder behaves, whereas ten economists modeling something like capital structure produce ten different models—revealing that the underlying problem is not actually well understood.

factualpending

Speaker

Paul Pfleiderer

Evidence Quote

if you put 10 so-called 'experts' into a room... they come up with 10 different models.

Source

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

My Notes

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