Notes on Psych-Econometric Modeling

I’ve spent a troubling amount of time trying to understand why more work hasn’t been spent in an area that I call “psycho-econometric modeling.”  In order to understand the problem, we will get into a high-level discussion of the various types of econometric models and then we’ll give a brief discussion of how the psycho-social  goals of national “leaders” (worldwide, not just here) can be seen as inadequately addressed in most conventional models.  Of course, such a heady problem requires much caffeine…and so while we drink a couple of cup to gear up the brain cells, we’ll gnosh on some headlines. Including Bill Gates hinting at job collapse, a familiar view around here.

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