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The attempt is not to build an optimization model (indeed the chosen model is decidedly sub-optimal as evidenced in the white paper), but to build a simple trading model that works in the vast majority of markets most of the time.
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To justify these claims, I present a sequence of three thought experiments on a simple trade model.
We augment a simple trade model by government spending and find that the optimal size of government spending of Buy National is higher than the optimal level of government spending that does also include foreign-produced goods (Buy International).
TRX is also intended for simple trading.
They demonstrated the profitability of simple trading rules, MA and trading range breakout.
Our paper presents a simple two-country-Ricardian-trade model under free trade and immigration.
I said, very simple — trade.
It is a simple trade-off.
"This is such a simple trade," he said.
The modern loyalty card works with a simple trade.
"Sometimes a VC will just make a simple trade.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com