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Although Microsoft may seem to the world an institutional projection of Bill Gates, you cannot understand the software powerhouse without considering Ballmer, its chief coach, cheerleader and hatchet man.
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His work centers on the mechanisms and institutions that facilitated United States expansion across the North American continent, as well as institutional projections of American influence in the hemisphere and globally.
"Dialectics of Patronage: Logics of Accountability at the African AIDS-NGO Interface," in Philanthropic Projections: Sending Institutional Logics Abroad, edited by Steven Heydemann and David Hammack, Indiana University Press.
They say it relies on a range of institutional reforms and economic growth projections that are highly unrealistic.
We know the usual suspects in the current wave of corporate scandals: accountants, greedy bosses, lackadaisical directors, the projections-for-hire analysts and institutional investors asleep at the switch.
The projection model contains individual heterogeneity and institutional detail that is a noteworthy characteristic of this model in comparison with other models used to project pension expenditure in Spain.
Why customers (especially institutional investors) keep demanding Wall Street forecasts if such projections are really worthless is a question Taleb does not answer.
"For many officers the navy's core institutional identity is indelibly tied to carriers and the power-projection mission they perform," he says.
This could be considered another limitation of this approach as it does not count unmet demand, and therefore, projections entail a degree of inefficiency in the institutional response.
These companies track analysts' earnings projections and create consensus forecasts that they sell to institutional investors.
In a recent paper* Glenn Rudebusch and John Williams, of the Federal Reserve Bank of San Francisco, present a theoretical model in which publishing central banks' interest-rate projections may improve macroeconomic policy.One objection to this is institutional.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com