| >This is an incredibly poor take. No it isn't. > It's well known that academic software doesn't follow great software engineering practices. That doesn't make it acceptable. Also, it's also "well known" that vast majority of academic work has zero tangible effect on society. This isn't one of those works. It's possibly the most important piece of academic work that has happened in recent memory. So the bar for this is MUCH higher than typical academic research work. >. That it isn't fully deterministic (with a fixed random seed) doesn't make thee research invalid and shouldn't discredit research that builds on the model. It does make it invalid, when the difference between runs is as big as 80,000 estimated deaths which can lead to dramatically different government policies. > This is another level of crazy. No it's not. Academia is way behind the industry when it comes to modeling the economy and the real world. |
The insurance industry is expected to ask the government for bailouts because none of their models can account for the fallout from this, just like AIG did during the '08 crisis.