How not to calibrate a model

Any model is a simplification of reality. If it isn’t, then it isn’t a model as rather is the reality. A MODEL ISN’T REALITY Any simplified model I can imagine will also therefore not match reality exactly. The closer the model gets to the real world in more scenarios, the better it is. Not all […]

Greek default?

So European politicians have more or less agreed a deal which may, more or less, push some of their problems to one side for a period. Yes, I’m not madly optimistic about this as a cure-all. ┬áThis is not the end of the Euro problems. Part of the deal is a “50% loss for private […]

Narratives vs facts

I don’t usually write about The Final Frontier, but this article has a great parallel to what I do write about. It’s worth reading the entire article, but the main message is that we cannot use the dream or story or fairy tale of imminent migration into space and other planets as an excuse not […]