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Re: st: about residuals and coefficients
From
Nick Cox <[email protected]>
To
"[email protected]" <[email protected]>
Subject
Re: st: about residuals and coefficients
Date
Thu, 5 Sep 2013 11:24:47 +0100
Cobb-Douglas [sic]: That's not a demonstration; it's a hypothesis!
I once tried to work out some history for power (allometric, scaling)
laws or functions. Particular fractional powers such as square root or
cube root are ancient. The idea that a power can be any fraction
(loosely) seems to have emerged in the 16th century, alongside
logarithms. You would have to mention Galileo's work here too. So
Euler brings up the rear and doesn't even get a bronze medal, although
no doubt whatever he did was done more rigorously than before. But
these ideas often emerge slowly: it is not as if someone said "Here is
a new general idea, which we should call a power law."
Nick
[email protected]
On 5 September 2013 11:05, Yuval Arbel <[email protected]> wrote:
> Here is a list of examples of Stigler's law:
>
> Interesting to know that even the Gauss elimination was named after
> the wrong person
>
> One remark regarding the Cobb-Douglass function (that appears in the
> list): I believe the original developer of the function was Leonard
> Euler. However Cobb and Douglass (in their 1927 AER paper) were the
> first to use it to demonstrate that GDP=LABOR^alphaxCAPITAL^(1-alpha)
>
>
> http://en.wikipedia.org/wiki/List_of_examples_of_Stigler%27s_law
>
> On Thu, Sep 5, 2013 at 2:54 AM, Maarten Buis <[email protected]> wrote:
>> On Thu, Sep 5, 2013 at 11:42 AM, Yuval Arbel wrote:
>>> Nick, that's very interesting. Are we talking about Stigler the econ.
>>> noble prize winner?
>>
>> No, the nobel price winner was George Stigler, while Nick refered to
>> Stephen Stigler. They are related though: George is the father of
>> Stephen.
>>
>> -- Maarten
>>
>> ---------------------------------
>> Maarten L. Buis
>> WZB
>> Reichpietschufer 50
>> 10785 Berlin
>> Germany
>>
>> http://www.maartenbuis.nl
>> ---------------------------------
>> *
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>
>
>
> --
> Dr. Yuval Arbel
> School of Business
> Carmel Academic Center
> 4 Shaar Palmer Street,
> Haifa 33031, Israel
> e-mail1: [email protected]
> e-mail2: [email protected]
> You can access my latest paper on SSRN at: http://ssrn.com/abstract=2263398
> You can access previous papers on SSRN at: http://ssrn.com/author=1313670
> *
> * For searches and help try:
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*
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