Applying the Right Model

Applying the Right Model

Assessment

Interactive Video

Business, Physics, Science

University

Hard

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The video discusses the parallels between navigation and economic models, emphasizing the importance of simplification and the skill of selecting appropriate models for specific problems. It highlights John Maynard Keynes' views on model selection and contrasts the deductive methods of physics with the inductive reasoning often required in economics.

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1 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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