When they see a new and interesting stylized fact, they instantly want to create a model to explain it. Indeed they like their models so much that they sometimes forget to carefully check whether the stylized fact is, well, a fact.
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When they see a new and interesting stylized fact, they instantly want to create a model to explain it. Indeed they like their models so much that they sometimes forget to carefully check whether the stylized fact is, well, a fact.
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