Comments on: Bad computer models: from market meltdowns to global warming http://www.dinocrat.com/archives/2009/02/05/apply-the-lessons-of-the-market-meltdown/ Thu, 09 Feb 2012 11:49:05 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: gs http://www.dinocrat.com/archives/2009/02/05/apply-the-lessons-of-the-market-meltdown/#comment-317300 gs Wed, 04 Feb 2009 19:00:25 +0000 http://www.dinocrat.com/?p=8129#comment-317300 <a href="http://en.wikipedia.org/wiki/Richard_Lindzen" rel="nofollow">Richard Lindzen</a> has <a href="http://arxiv.org/abs/0809.3762" rel="nofollow">broken</a> the scientific establishment's 'blue wall of silence'. His Introduction has something important to describe about how our culture has devolved. Somewhere, <a href="http://en.wikipedia.org/wiki/Trofim_Lysenko" rel="nofollow">Lysenko</a> is laughing. *************** <i>There are many lessons to be drawn from the sub-prime debacle and all the awful things that have flowed from it. One of them is not to believe computer models over common sense.</i> IMHO that statement could be softened a bit to 'extraordinary claims require extraordinary evidence.' Important discoveries or big trading profits can be made by demonstrating conventional wisdom or common sense to be wrong--precisely because c.w. & c.s. are usually right. Richard Lindzen has broken the scientific establishment’s ‘blue wall of silence’. His Introduction has something important to describe about how our culture has devolved.

Somewhere, Lysenko is laughing.
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There are many lessons to be drawn from the sub-prime debacle and all the awful things that have flowed from it. One of them is not to believe computer models over common sense.

IMHO that statement could be softened a bit to ‘extraordinary claims require extraordinary evidence.’ Important discoveries or big trading profits can be made by demonstrating conventional wisdom or common sense to be wrong–precisely because c.w. & c.s. are usually right.

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