"In every situation like this, you have to think whats going on in her head! => I'm scared. I don't have my family here. I might lose everything I have and I'm not really sure what I'm doing." - Kelly C.
My mind has been kind a empty lately. Or, it has been so fulled for so long that it just decided to empy itself - if that makes any sense. A big explosion.
Hence also the absence of posts.
I've been working on two papers lately, both computational finance related, one slightly headed towards more macroeconomic concept.. anyway the topic not important here; the reason I got so stressed out and my mind was racing on several different lanes and levels (it's like playing multidimensional chess) is that it got super complicated and complex. My mind could not solve it, nor did it my google search. The more the model grew the more "what if?"'s it had. Then, I accidentally browsed through this paper, G. Mankiw suggested few years ago (yes, I'm a Mankiw fan, for those who do not know it yet) - How to build your own economic model in your spare time? I saw it once before, but I forgot about it. Anyway, it has one of the (or easily the) best advices I've ever got => KISS - KEEP IT SIMPLE, STUPID! Write down the simplest possible model you can think of, and see if it still exhibits some interesting behavior. If it does, then make it even simpler. Needless to state - it solved my crisis. And furthermore - I firmly believe this should be adaped in everyday life (after all; our everyday lives are all about Economics, even if it doesn't really seem that way).
xx LL
My mind has been kind a empty lately. Or, it has been so fulled for so long that it just decided to empy itself - if that makes any sense. A big explosion.
Hence also the absence of posts.
I've been working on two papers lately, both computational finance related, one slightly headed towards more macroeconomic concept.. anyway the topic not important here; the reason I got so stressed out and my mind was racing on several different lanes and levels (it's like playing multidimensional chess) is that it got super complicated and complex. My mind could not solve it, nor did it my google search. The more the model grew the more "what if?"'s it had. Then, I accidentally browsed through this paper, G. Mankiw suggested few years ago (yes, I'm a Mankiw fan, for those who do not know it yet) - How to build your own economic model in your spare time? I saw it once before, but I forgot about it. Anyway, it has one of the (or easily the) best advices I've ever got => KISS - KEEP IT SIMPLE, STUPID! Write down the simplest possible model you can think of, and see if it still exhibits some interesting behavior. If it does, then make it even simpler. Needless to state - it solved my crisis. And furthermore - I firmly believe this should be adaped in everyday life (after all; our everyday lives are all about Economics, even if it doesn't really seem that way). xx LL
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