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filtherton · 07-22-2010, 06:04 AM

Stochastics are nice because you can dispense with lots of pesky assumptions and let the data speak for itself. For instance, you can use data to show that groups of people are predictable independent of assumptions regarding rationality.

07-22-2010, 06:04 AM	#232 (permalink)
filtherton Junkie Location: In the land of ice and snow.	Stochastics are nice because you can dispense with lots of pesky assumptions and let the data speak for itself. For instance, you can use data to show that groups of people are predictable independent of assumptions regarding rationality.