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A comment on To Explain or to Predict? (2010) [pdf]. Parent comment
just to pick two, I think sports and politics both have this problem.
where someone finds a new method and has success, everyone tries to copy it,
only everyone trying to copy it bids up all the inputs, with higher inputs, the method has a different ROI.
In dynamic systems, there's a curve you have to stay ahead of
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just to pick two, I think sports and politics both have this problem.
where someone finds a new method and has success, everyone tries to copy it,
only everyone trying to copy it bids up all the inputs, with higher inputs, the method has a different ROI.
In dynamic systems, there's a curve you have to stay ahead of