{"id":1939,"date":"2013-03-04T22:16:22","date_gmt":"2013-03-05T04:16:22","guid":{"rendered":"http:\/\/www.maxmarmer.com\/?p=1939"},"modified":"2016-01-29T20:16:31","modified_gmt":"2016-01-30T02:16:31","slug":"against-big-data","status":"publish","type":"post","link":"https:\/\/www.maxmarmer.com\/blog\/against-big-data\/","title":{"rendered":"Against Big Data"},"content":{"rendered":"<p>&#8220;An additional argument against BIG DATA, which people are starting to discover just now, is that there are about 35,000 different variables in economics and finance. And we have usually, less, much less than 10,000 data points per variable. This (plus fat tails) explains why econometrics has not been able to deliver.&#8221; &#8211; Nassim Taleb<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;An additional argument against BIG DATA, which people are starting to discover just now, is that there are about 35,000 different variables in economics and finance. And we have usually, less, much less than 10,000 data points per variable. This (plus fat tails) explains why econometrics has not been able to deliver.&#8221; &#8211; Nassim Taleb<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"quote","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[45,16],"tags":[],"class_list":["post-1939","post","type-post","status-publish","format-quote","hentry","category-economics","category-philosophy","post_format-post-format-quote","cat-45-id","cat-16-id"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Against Big Data - Max Marmer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.maxmarmer.com\/blog\/against-big-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Against Big Data - Max Marmer\" \/>\n<meta property=\"og:description\" content=\"&#8220;An additional argument against BIG DATA, which people are starting to discover just now, is that there are about 35,000 different variables in economics and finance. 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