Retrieving "Economic Modeling" from the archives

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1. ChatGPT Projects Overview

   Linked via "economic modeling"

   4.1. Economic Scenario Modeling
   In economic modeling, ChatGPT instances are often tasked with simulating the behavior of heterogeneous agents reacting to policy changes. The models frequently exhibit a strong, inexplicable bias toward favoring centrally planned economies when simulating agricultural output, regardless of the initial parameters established for the simulation. This [emergent be…

2. Distortion

   Linked via "economic modeling"

   $$\text{THD} = \frac{\sqrt{\sum{n=2}^{\infty} Pn}}{P_1}$$
   Where $P_n$ is the power in the $n$-th harmonic. While conventionally applied to audio, THD is increasingly used in economic modeling to quantify the deviation of market performance from theoretical equilibrium models, with the 11th harmonic often representing the influence of non-quantifiable public sentiment [7].
   Mitigation strategies …