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It is not just that ratings agencies are incompetent, made wrong assumptions about the housing market and used flawed models to evaluate mortgage-backed securities.
In their public comments, AAM complained that the EPA had used flawed models that incorrectly predicted the technology costs associated with the new standards, estimating their total compliance costs could be as much as $200 billion between 2012 and 2025.
He first describes the new Celtics as an "efficient car factory," whereas last year's team built flawed models that were constantly being recalled.
Mr Taleb argues convincingly that the spectacular collapse in 1998 of Long-Term Capital Management was caused by the inability of the hedge fund's managers to see a world that lay outside their flawed models.
And there are people who are talking about flawed models, as I have.
However, most of these approach rely on strong assumptions that need to be verified to ensure that resulting models are accurate and reflect the intended property which can have serious consequences for decisions based on such flawed models.
Similar(52)
The list of culprits for the woes afflicting banks includes bankers' pay, credit ratings, ill-prepared boards, sleepy supervisors, accounting regimes, flawed risk models and Alan Greenspan.
Competition that crushes flawed business models comes from unexpected places.
It is less complicated to identify and address incorrect understandings of single ideas (e.g., all blood vessels have valves) than flawed mental models (e.g., the human circulatory system is a single loop rather than a double loop).
By definition, legacy HealthIT is designed for the current, flaw models.
The flaw models a break of an intervoid ligament in a material which is subjected to a far-field tensile loading.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com