The role of economics is often misunderstood. A popular misconception is that economics is about opinions, running a business or the ups and downs of stock markets. Economics is a systematic study of cause and effect, showing what happens when you do specific things in specific ways. The path to understanding outcomes is to examine consequences of decisions in terms of incentives they create rather than goals they pursue.

Interestingly, whether you approach it from static or dynamic scoring, the underlying effort should be understanding the cause and effect outcome of actions. IMHO, dynamic is in terms of incentives. Static is in terms of goals.


John Stewart
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