Were he not so convinced of my evilness, Taleb might even have allowed himself to like this paper which shows that evidence that some economists are better at forecasting than others is largely due to random sampling error (so yes, people are fooled by randomness …)

I will report back on the severe mathematical scrutiny as soon as I hear anything.

For now, I’m off to get ready for teaching, including discussing this paper by Ricardo Caballero with my MA class. Titled “Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome” it critiques the fake precision of modern mathematical macroeconomic models. It’s one of my favorite papers.

via When Nassim Taleb Attacks – Forbes.