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Much of fisheries management decisions are based on mathematical models. Modelers study historical numbers that go back in the past to an era that they assume as a base point, from which they project "facts" for the future. Sounds good so far, and figures don't lie.
So what else does mathematical modeling do? For one, it was the cause of the collapse of the sub-prime real estate market. Who is behind this mathematical modeling? A lot of very smart highly paid people. Where are these people now? Out of work. Who are these people? People who ran large banks, brokerage firms, rating agencies and mortgage firms. Where are those people now? Out of work. Who bought these packages of junk bonds? A lot of very smart highly paid people. Where are these people now? Out of work. What's the bottom line? A lot of irreparable economic damage.
Does anyone today place absolute faith in mathematical models? Ho boy, how about bureaucrats in fisheries management, state and federal politicians and (you fill in some blanks). Who is selling this junk science? A lot of very smart highly paid people who run large foundations. Wouldn't that put those people out of work. Nope. Who is buying this junk science? A lot of smart very wealthy people. Will this cause those wealthy people to lose their jobs? No, few ever held a real job thanks to grandpa. Will this cause politicians and bureaucrats to lose their jobs? Hah! What's the bottom line? Irreparable economic damage. Junk science = junk bonds.
Did anyone learn anything from this? Only those who had skin in the game and then the hard way. What about the majority of politicians, bureaucrats and those who run ultra-green foundations? Maybe, but few have skin in the game since most have teflon coated scales.
So what else does mathematical modeling do? For one, it was the cause of the collapse of the sub-prime real estate market. Who is behind this mathematical modeling? A lot of very smart highly paid people. Where are these people now? Out of work. Who are these people? People who ran large banks, brokerage firms, rating agencies and mortgage firms. Where are those people now? Out of work. Who bought these packages of junk bonds? A lot of very smart highly paid people. Where are these people now? Out of work. What's the bottom line? A lot of irreparable economic damage.
Does anyone today place absolute faith in mathematical models? Ho boy, how about bureaucrats in fisheries management, state and federal politicians and (you fill in some blanks). Who is selling this junk science? A lot of very smart highly paid people who run large foundations. Wouldn't that put those people out of work. Nope. Who is buying this junk science? A lot of smart very wealthy people. Will this cause those wealthy people to lose their jobs? No, few ever held a real job thanks to grandpa. Will this cause politicians and bureaucrats to lose their jobs? Hah! What's the bottom line? Irreparable economic damage. Junk science = junk bonds.
Did anyone learn anything from this? Only those who had skin in the game and then the hard way. What about the majority of politicians, bureaucrats and those who run ultra-green foundations? Maybe, but few have skin in the game since most have teflon coated scales.