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Manzi argues that by slightly tweaking the technical assumptions in these models, you eliminate the headline-grabbing results.
A main point of discussion is the reliability of technical assumptions and performance predictions for the future.
Using more optimistic economic and technical assumptions, however, Social Security faces no problem over the 75-year period used to assess its financial soundness.
Much of the rest was a result of the economic slump and related changes in technical assumptions about tax revenue and spending.
These results suggest a need for better understanding of the technical assumptions driving popular consensus regarding future costs.
It contains some optimistic technical assumptions, but also a very pessimistic one: that the UK relies entirely on its own energy supplies.
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"As this purely technical assumption implies a relatively benign scenario, the risks to the 2019 and 2020 baseline forecast are large and predominantly to the downside," the commission added in its autumn forecast.
The EC is keen to point out that its forecasts are based on the "purely technical assumption" that the EU and UK maintain their current trading relationship after Brexit.
Under a mild technical assumption, we prove that every isometry between two such algebras decomposes as a direct sum of a unitary multiple of an isometric algebra isomorphism and a unitary multiple of an isometric algebra anti-isomorphism.
Calomiris pulls no punches: "asset managers willingly over-invested their clients' money in risky assets that did not adequately compensate investors for risk .The plausible deniability was supported by a key, unrealistic technical assumption by credit rating agencies – that losses on subprime instruments would be 6%.
The limit does equal E{X(0)} under an additional rather technical assumption to the effect that there is no subset of the state space, having probability strictly between 0 and 1, in which the process can get stuck and never escape.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com