en/2007/09/all-models-are-wrong-and-some-models-are-useless/

Poor economists are said to be always searching for a non-exist black cat in a dark room, while poorer econometricians are regularly accused of finding one (see Peter Kennedy, A Guide to …

https://yihui.org/en/2007/09/all-models-are-wrong-and-some-models-are-useless/