Nobel Prize in Economics: Using models to make sense of models.

Lars Peter Hansen shared 2013 "Nobel Prize" in Economics for his work on models. Below are several slides from his Nobel Prize Lecture. Since I study innovation-related hype, the second slide, which shows how to model distorted beliefs, is quite interesting. Maybe we can use this approach to understand why Gartner Hype Cycle keeps showing up in innovation processes.

tags: science, economics, hype, model