Some economists believe that mathematical models like yours lulled banks into a false sense of security, and I am wondering if you have revised your ideas as a consequence.
Other authors like Chao et al. (2014) and Chen et al. (2012) applied other mathematical models like Thomas model and Yoon Nelson models, obtaining good agreement between experimental and predicted results (R2 values above 0.90).
As a result, mathematical modeling like this may give a clearer picture than any individual government agency.
Hyman Minsky and other post-Keynesian economists have argued that as result of this, Keynes's ideas were diluted by those keen to compromise with classical economists or to render his concepts with mathematical models like the IS/LM model (which, they argue, distort Keynes's ideas).
Mathematical models like InfluSim should not only be used to predict a specific outcome, but also to explore best and worst case scenarios.
Predicting the course of a future pandemic which will be caused by a virus with unknown characteristics is based on substantial uncertainties and we must rely on sensitivity analyses, performed with mathematical models like InfluSim.
As a result, many interesting properties of the rhythms have been uncovered by the mathematical models, like the discovery that there might exist multiple sources of periodic behavior in the genetic regulatory network controlling the circadian oscillations.
Sensitive methods as well as mathematical models, like the Luria-Delbrück model, led to the identification of pre-existing resistant subclones prior to therapy in some tumour entities: In non-small cell lung cancer the EGFR resistance mutation p.T790M and in colorectal carcinoma secondary KRAS mutations down to a frequency of 0.01% [ 7, 8].
However, for model predictions, there are still demands for methodology that is applicable for mathematical models like ordinary differential equations (ODEs) used to describe the dynamics of a system in a variety of scientific fields e.g. in molecular biology [ 7, 8], but also in medical research, chemistry, engineering, and physics.
