[LINK] The Doherty Model

[Bernard Robertson-Dunn]

On 27/08/2021 3:48 pm, Jan Whitaker wrote:
> Is there any economic modeling at all? Where? Who is doing that?
> Surely the people who do life insurance projections would be who you
> would ask? (can't remember what they are called, but it's something
> like the highest paid profession, starts with an a) 

Actuary.

They assess risk based upon large collections of highly relevant data.
There are no equivalent data sets, so their approach would be useless.

I have seen no economic modelling, but it's likely to be even more
difficult than the health modelling.

IMHO the Doherty model is only slightly better than informed guesswork.
The whole problem is highly non-linear and full of uncertainties.

-- 

Regards
brd

Bernard Robertson-Dunn
Canberra Australia
email: brd at iimetro.com.au