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Re: st: about residuals and coefficients
From
Yuval Arbel <[email protected]>
To
statalist <[email protected]>
Subject
Re: st: about residuals and coefficients
Date
Thu, 5 Sep 2013 04:04:55 -0700
Regarding Paul Douglass: I read his speech made at some conference in 1965.
According to what he said - the idea came to him when he was looking
at time series of ln(GDP) and ln(LABOR) on the vertical axis, and time
index on the horizontal axis. He noticed that the two series are
parallel to each other. Then he turned to the mathematician Charles
Cobb, who suggested the power function. Note, that the parallel lines
on a logarithmic scale imply that one is the product of the other.
On Thu, Sep 5, 2013 at 3:41 AM, Yuval Arbel <[email protected]> wrote:
> P.S. I looked at the following link regarding Albert Einstein's famous
> formula E=Mc^2
>
> According to their version - it was discovered more or less
> simultaneously by three researchers, but only Einstein provided a
> plausible explanation
>
> Einstein was haunted since childhood with the thought: "what would
> have happened if I chase after a beam of light?"
>
> http://en.wikipedia.org/wiki/List_of_multiple_discoveries
>
> On Thu, Sep 5, 2013 at 3:24 AM, Nick Cox <[email protected]> wrote:
>> 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
>>>> ---------------------------------
>>>> *
>>>> * For searches and help try:
>>>> * http://www.stata.com/help.cgi?search
>>>> * http://www.stata.com/support/faqs/resources/statalist-faq/
>>>> * http://www.ats.ucla.edu/stat/stata/
>>>
>>>
>>>
>>> --
>>> 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:
>>> * http://www.stata.com/help.cgi?search
>>> * http://www.stata.com/support/faqs/resources/statalist-faq/
>>> * http://www.ats.ucla.edu/stat/stata/
>> *
>> * For searches and help try:
>> * http://www.stata.com/help.cgi?search
>> * http://www.stata.com/support/faqs/resources/statalist-faq/
>> * http://www.ats.ucla.edu/stat/stata/
>
>
>
> --
> 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
--
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:
* http://www.stata.com/help.cgi?search
* http://www.stata.com/support/faqs/resources/statalist-faq/
* http://www.ats.ucla.edu/stat/stata/