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General Asylum General audio topics that don't fit into specific categories. |
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General Asylum General audio topics that don't fit into specific categories. |
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In Reply to: Economics theory and audio... posted by Al Sekela on May 15, 2004 at 10:32:27:
Very traditional economics assumes "perfect information" which implies the instantaneous dissemintation of infomation. A long time ago "Austrian" economists (Hayek etc.) proffered that the accumulation of knowledge--and who gets that knowledge when--has a profound impact on the "waves" of the economy.Recently computer scientists at Stanford working on AI have been working with modern "Austrian economists" because they need a model of learning.
In macroeconomics, filters used in engineering have been borrowed to extract "signal from noise" in the economy, and more recently economists of this ilk have found these classical filters wanting and have begin developing their own.
It would be interesting if audio engineers looked at some of the filtering techniques economists have come up with.
I was at an AEA conference once, and someone was presenting a mathematical paper on this type of stuff. Some naysayer in the audience asked what the real world significance was. The presenter lightheartedly said "it is preliminary work, but I feel it will provide a greater understanding of how the fed exacerbates the amplitude of the business cycle due to timing lags...and it would also make a pretty good amplifier." !!!!!
:)Nice post,
--Jack
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Follow Ups
- yep... - Jack Gribble 21:59:48 05/15/04 (1)
- Thank you! - Al Sekela 11:56:45 05/16/04 (0)
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