Students of American history will recall that the important place where work gets done in the legislative body, almost without exception, is in the committees, more so than on the floor although sometimes more attention is paid to the floor. ↗
In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.' ↗
The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it. ↗
It's the duty of all novelists, all painters, all musicians, all people who try to make art move: to look for something they feel authentically, without paying attention to styles. ↗
The reader has to be creative when he's reading. He has to try to make the thing alive. A good reader has to do a certain amount of work when he is reading. ↗
Movies are as old as psychoanalysis. So if I were to put you or anyone else on a couch and say, 'Tell me your favorite movies,' it would be a way of psychoanalyzing you. ↗
Seventy-five percent of women who smoke would like to quit, and yet only two to three percent quit every year... It's significant because we can help women quit smoking. ↗
