The problem is that there is no alternative to models. We all think in simplified models, all the time. The sophisticated thing to do is not to pretend to stop, but to be self-conscious - to be aware that your models are maps rather than reality. (Paul Krugman)

The problem is that there is no alternative to models. We all think in simplified models, all the time. The sophisticated thing to do is not to pretend to stop, but to be self-conscious - to be aware that your models are maps rather than reality.

Paul Krugman

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alternative pretend problem simplified stop thing

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