Uncertainty
Merger Review Needs More Uncertainty
All merger reviews come with uncertainty, but the culture among courts, consultants, and regulators is to pretend that sophisticated modeling can eliminate uncertainty, and thus any uncertainty reflects poor econometric analysis. Creating standards of uncertainty would produce more honest analysis and better competition outcomes, writes Bart Lahcen.
During a Pandemic, Beware the Man of One Model
"I have great respect for the scientific model builders who attempt at quantifying the uncertainty we face and those policy advisors who are willing to accept differences...
Bethany McLean’s Weekend Reading List: Coronavirus Special Issue
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.Â
This is by far my favorite headline of...
