It's because the models have different purposes in decision making, in ways which decision makers don't often appreciate.
Models are still great at helping us understand the world and are in many ways the best thing we have. The problem is that today we are overly relying on them to make real policy interventions on an ecology (e.g. what is a "healthy" amount of animals to cull or fish) based on an ecosystem, which is just a poor model.
If we could get rid of this idea of "stability" and "equilibrium" in economics and ecology, I would be a happy man.
> Ironically, the experts, the ones building the "wrong" models, tend to be the ones most aware of this
Models are still great at helping us understand the world and are in many ways the best thing we have. The problem is that today we are overly relying on them to make real policy interventions on an ecology (e.g. what is a "healthy" amount of animals to cull or fish) based on an ecosystem, which is just a poor model.
If we could get rid of this idea of "stability" and "equilibrium" in economics and ecology, I would be a happy man.
> Ironically, the experts, the ones building the "wrong" models, tend to be the ones most aware of this
Exactly why I'm here :-)