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Morningstar, for example, awards American funds one to five stars, based on a mechanical formula that takes into account past performance, past volatility, and expenses.
Mr. Bernanke said that while he doubted regulators could "provide an exact mechanical formula that can be applied without judgment," they could lay out objective criteria that they consider most important in making the designation.
I'll try anything.' " The result has been a more compact mechanical formula in which O'Neal keeps his elbows in toward his body, uses his wrist more and is beginning to groove his shot rather than chuck it toward the rim, hoping to catch iron and maybe a soft roll.
In his opinion concurring in the judgment in the Texas case, Van Orden v. Perry, Breyer noted that "there was no single mechanical formula that can accurately draw the constitutional line in every case," and he proceeded to compare the history of the displays.
In his concurring opinion in the Citizens United campaign-finance case, Roberts presented his argument for when it would be appropriate to cast aside precedent: following it is not an "inexorable command" or "mechanical formula of adherence to the latest decision".
Unconstrained by a simple rule, policymakers acted too aggressively and, according to Mr Taylor, inflated an asset bubble.Interestingly, Mr Taylor seems to have had a different answer to this question back when he wrote about the subject twenty years ago (from the paper linked above):A policy rule need not be a mechanical formula, but here there is more disagreement among economists.
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"The commitment of American forces abroad should not rest on mechanical formulas and record-keeping technicalities".
In a letter from 1968, he wrote: "I feel depressed by the rapid growth of barbarism – I daresay every generation has … This generation is complacently ignorant, uses mechanical formulae to dispose of anything that may be difficult or complicated, hates history.
Besides, the results of droplet trajectories analyzed by the mechanical formulas are consistent with the simulation results as well.
The General Theory resulted in great measure from what he viewed as the inadequacies of his earlier The Treatise on Money, with its mechanical "magic formula mentality".
Reich wrote in 1934 that the orgasm is just such a bioelectrical discharge and proposed his "orgasm formula": mechanical tension (filling of the organs with fluid; tumescence) → bioelectrical charge → bioelectrical discharge → mechanical relaxation (detumescence).
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