Making Sense of Models: A Parsimonious Solution
by Dr. Gary Nan Tie & Dr. Bob Mark
A featured article of our April 2021 edition of PRMIA's Intelligent Risk quarterly newsletter
We all need to understand how scientists, economists and doctors use models. This is especially true today since models are used to guide our public health policy for pandemics, and we are in the early stages of receiving vaccinations against the SARS-CoV-2 virus. A subway map, a wind tunnel aircraft mockup, an architect’s virtual preview are simple examples of models. A more sophisticated model consists of mathematical distillations of relevant features of a problem that we want to solve.
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