System dynamics is not ...
Posted: Tue Apr 30, 1996 4:36 pm
On Wed, 24 Apr 1996 George Richardson wrote:
> Eds point is that simulation allows more people access to such models.
This is just the aspect of SD that first attracted me. Coming from a
physical science background into economic forecasting in 1981, I was
disappointed that econometric models omitted feedback and were
largely linearized. This seemed too restrictive for the long term
studies required for policy analysis in capital intensive markets.
Getting turned on to the tradition of World Dynamics as a role model
and Dynamo as a toolkit (instead of single equation elasticity models
and SPSS) was just what I was looking for.
Many in the sciences truly believe that diff eqs are the stuff that
the universe runs on. SD methodology respects this "religion" and
gives believers a version of the creed and ritual in the vulgate so
they can understand and use it. (Sorry about the metaphor, George
Backus, but I couldnt resist.)
William Steinhurst
wsteinhu@psd.state.vt.us
> Eds point is that simulation allows more people access to such models.
This is just the aspect of SD that first attracted me. Coming from a
physical science background into economic forecasting in 1981, I was
disappointed that econometric models omitted feedback and were
largely linearized. This seemed too restrictive for the long term
studies required for policy analysis in capital intensive markets.
Getting turned on to the tradition of World Dynamics as a role model
and Dynamo as a toolkit (instead of single equation elasticity models
and SPSS) was just what I was looking for.
Many in the sciences truly believe that diff eqs are the stuff that
the universe runs on. SD methodology respects this "religion" and
gives believers a version of the creed and ritual in the vulgate so
they can understand and use it. (Sorry about the metaphor, George
Backus, but I couldnt resist.)
William Steinhurst
wsteinhu@psd.state.vt.us