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"In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'"
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"Sense isn't democratic. An opinion uttered by 99 people does not necessarily make more sense than an opposing opinion that was uttered by one person."
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Personal Development
"In a certain sense the Good is comfortless."
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Personal Development
"It would be like the films I've seen where wardens would decide to be in a jail cell for a week, to get a sense of what it would be like to be a prisoner."
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"Well, I suppose that, in a sense, every screen role is a favourite with me."
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Personal Development
"I don't think that there are very many good writers who don't live without a sense of tension. If they haven't got one immediately available to them, then they usually manage to manufacture it in their private lives."
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"All phenomena are real in some sense, unreal in some sense, meaningless in some sense, real and meaningless in some sense, unreal and meaningless in some sense, and real and unreal and meaningless in some sense."
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Personal Development
"It's crazy how you can get yourself in a mess sometimes and not even be able to think about it with any sense and yet not be able to think about anything else."
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"I feel safe and comfortable to do that once I know that the song structure around the bass part is very interesting and it satisfies me in a compositional sense."
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"Well, he doesn't make me laugh. I think I've got a fair sense of humour but I can't really see it in him. I've listened to his show on the radio on a Saturday morning, and that's a load of mince as well."
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"It didn't make a lot of sense for us to be doing Lotus Notes implementations."
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"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."
Expectation
"In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'"
Sense
"Lucas attended a conference on rational expectations at the University of Minnesota in the spring of 1973. The day after the conference, I received a call from Pittsburgh."
Media
"There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not."
Media
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