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Model Thinking1

    Why Model

Reason # 1: Intelligent Citizen of the World

Reason # 2: Clearer Thinker

Reason # 3: Understand and Use Data

Reason # 4: Decide, Strategize, and Design

?The model
–Assumptions, results, applications
?Technical Details
–Measures, Proofs (Easy, Medium, Hard)
–Practice Problems
?Fertility
 
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    Intelligent Citizen of the World
Models Are Better Than We Are
Models Are Fertile【肥沃的;可繁殖的;丰富的;[物]能产生裂变物质的
Models Make Us Humble
Many Model Thinkers Know Best
 
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    Thinking More Clearly
Name The Parts
Identify Relationships
Work Through Logic
Inductively Explore
Understand Class of Outcome
    Equilibrium【平衡,均势;平静】
    Cycle
    Random
    Complex
Identify Logical Boundaries
Communicate
 
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    Using and Understanding Data
Understand Patterns
Predict Point
Produce Bounds
Retrodict【追溯】
Predict Other
Inform Data Collection
Estimate【估计,预测;报价,预算书;评价,判断】 Hidden Parameters
Calibrate【校准;使标准化;使合标准;测量(枪的)口径
 
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    Using Models to Decide,Strategize,and Design
[Real Time]Decision Aids
 
{In the Monty Hall problem just described, should you stick with your original door or should you switch
After Monty eliminates one door, your chance of choosing the door with the prize remains one in three. The sum of probabilities has to add up to one. So the chance of the prize being behind one of the two doors you didn‘t initially select has to be two in three. Of those two doors, one is open and reveals nothing, so the other has a two in three chance of concealing the prize.}
 
Comparative Statics
Counterfactuals【反设事实
Identify and Rank Levers
Experimental Design
Institutional Design【制度性;体制;机构的
Help Choose Among Policies and Institutions