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More Fed Fellow Fun

June 16th, 2004

I’ve been enjoying a visit from my friend and co-author Simon Grant for the last couple of days. We’ve been working on fairly abstruse aspects of the economics of uncertainty, though with an eye to practical applications to issues like an analysis of the precautionary principle.

However, we downed tools this afternoon when it was announced that Simon has been awarded a Federation Fellowship. This is only the second such Fellowship in Economics, mine being the first.

Obviously, I’m very happy about this, and particularly about the fact that it will bring Simon back to Australia (he’s currently at Rice university in the US).

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  1. Harry Clarke
    June 16th, 2004 at 19:49 | #1

    Congrats to Simon. It is pleasing that such a bright and pleasant guy will be coming back to Aus.

    John, How about a non-technical posting of your views on the precautionary principle if you get a chance? PP is evoked all the time but doesn’t make a lot of sense in terms of classical decision rules other than the minimax regret criterion which has well-known criticisms associated with it relating to ‘spilt milk’ etc. But it is an interesting intuitive rule that is evocative but doesn’t quite work — though one suspects it might with some tweaking.

  2. June 17th, 2004 at 00:09 | #2

    Well done Simon … a steady flow of penetrating, paradigm-shifting analyses of the comparative cost of public and private capital are expected forthwith.

  3. June 17th, 2004 at 07:49 | #3

    Perfect surname.

  4. Hristos
    June 19th, 2004 at 13:16 | #4

    Does this mean that the ARC is starting to come to its senses?

    Well done Simon.

  5. Michael Harris
    June 19th, 2004 at 21:26 | #5

    That’s great news and well deserved. Good for Simon!

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