Model Thinking Full Course
About this Course
We live in a complex world with diverse people, firms, and governments whose behaviors aggregate to produce novel, unexpected phenomena. We see political uprisings, market crashes, and a never ending array of social trends. How do we make sense of it? Models. Evidence shows that people who think with models consistently outperform those who don't. And, moreover people who think with lots of models outperform people who use only one. Why do models make us better thinkers? Models help us to better organize information - to make sense of that fire hose or hairball of data (choose your metaphor) available on the Internet. Models improve our abilities to make accurate forecasts. They help us make better decisions and adopt more effective strategies. They even can improve our ability to design institutions and procedures. In this class, I start with models of tipping points. I move on to cover models explain the wisdom of crowds, models that show why some countries are rich and some are poor, and models that help unpack the strategic decisions of firm and politicians.
The models covered in this class provide a foundation for future social science classes, whether they be in economics, political science, business, or sociology. Mastering this material will give you a huge leg up in advanced courses. They also help you in life. Here's how the course will work. For each model, I present a short, easily digestible overview lecture. Then, I'll dig deeper. I'll go into the technical details of the model. Those technical lectures won't require calculus but be prepared for some algebra. For all the lectures, I'll offer some questions and we'll have quizzes and even a final exam. If you decide to do the deep dive, and take all the quizzes and the exam, If you just decide to follow along for the introductory lectures to gain some exposure that's fine too. . And it's all here to help make you a better thinker!
⭐⭐⭐⭐🕑TIME STAMP📋⭐⭐⭐⭐⭐
👉WHY MODEL & SEGREGATION/PEER EFFECTS
0:00:00 Why Model
0:08:52 Intelligent Citizens of the world
0:20:23 Thinking more clearly
0:31:13 Using and Understanding Data
0:41:27 Using Models to Decide Strategize and Design
0:56:53 Sorting and Peer Effects introduction
1:02:04 Schellings Segregation Model
1:13:34 Measuring Segregation
1:25:04 Peer Effects
1:32:02 The Standing Ovation Model
1:50:06 The identification problem
👉AGGREGATION & DECISION MODELS
2:00:25 Aggregation
2:10:40 Central Limit Theorem
2:29:32 Six Sigma
2:34:43 Game of Life
2:49:20 Cellular Automate
3:07:27 Preference Aggregation
3:19:46 Introduction to Decision making
3:25:24 Multi-Criterion Decision Making
3:33:43 Spatial Choice Models
3:44:51 Probability _ The Basics
3:54:58 Decision Trees
4:09:37 Value of information
👉THINKING ELECTRONS: MODELING PEOPLE & CATEGORICAL AND LINEAR MODELS
4:18:18 Thinking Electrons _ Modeling People
4:24:48 Rational Actor Models
4:40:58 Behavioral Models
4:53:47 Rule Based Models
5:06:18 When Does Behavior Matter
5:18:58 Introduction to Linear Models
5:23:26 Categorical Models
5:38:40 Linear Models
5:46:50 Fitting Lines to Data
5:58:39 Reading Regression Output
6:10:23 From Linear to Nonlinear
6:16:34 The Big Coefficient vs The New Reality
👉TIPPING POINTS & ECONOMIC GROWTH
6:28:00 Tipping Points
6:33:59 Percolation Models
6:45:47 Contagion Models Diffusion
6:53:12 Contagion Models SIS Models
7:02:24 Classifying Tipping Points
7:10:50 Measuring Tips
7:24:29 Introduction to Growth
7:31:13 Expontential Growth
7:42:06 Basic Growth Model
7:56:06 Solow Growth Model
8:07:48 Will China Continue to Grow
8:19:43 Why Do Some Countries Not Grow
👉DIVERSITY AND INNOVATION & MARKOV PROCESSES
8:31:13 Problem Solving and Innovation
8:36:20 Perspective and Innovation
8:53:18 Heuristics
9:02:47 Teams and problem Solving
9:13:53 Recombination
9:24:55 Markov Models
9:29:22 A Simple Markov Model
9:40:50 Markov Model of Democratization
9:49:12 Markov Convergence Theorem
9:59:45 Exapting the Markov Model
👉LYAPUNOV FUNCTIONS & COORDINATION AND CULTURE
10:09:56 Lyapunov Functions
10:19:10 The organization of Cities
10:31:25 Exchange Economies and Externalities
10:40:44 Time to Convergence and Optimality
10:48:48 Lyapunov Fun and Deep
10:57:28 Lyapunov or Markov
Course Material : https://drive.google.com/file/d/17rqn...
⌨️ this course is created in collaboration with University of Michigan is licensed under CC.
♥️♥️Thanks for watching don't forget to like and Subscribe♥️♥️
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