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| From | Yuval Arbel <yuval.arbel@gmail.com> |
| To | statalist <statalist@hsphsun2.harvard.edu> |
| 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 <yuval.arbel@gmail.com> 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 <njcoxstata@gmail.com> 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 >> njcoxstata@gmail.com >> >> >> On 5 September 2013 11:05, Yuval Arbel <yuval.arbel@gmail.com> 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 <maartenlbuis@gmail.com> 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: yuval.arbel@carmel.ac.il >>> e-mail2: yuval.arbel@gmail.com >>> 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: yuval.arbel@carmel.ac.il > e-mail2: yuval.arbel@gmail.com > 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: yuval.arbel@carmel.ac.il e-mail2: yuval.arbel@gmail.com 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/