Re: Letter form Bob Solow

["Lonnie K. Stevans" <acslks@xxxxxxxxxxxxxxxxx>]

The "obvious" is that you refuse to listen to scientific reason.  In the absence of any
verifiable evidence, stating that one can detect a unit root 100 percent of the time
when you simulate white noise is absurd.  If you like, I will send you simulation
program written in SAS which will show the results you state to be patently false.
Now if you are saying the the random number generation is not white noise
but a random walk, then of course you would find a unit root.  The problem
is you are not fully specifying nor adequatly explaining just what it is that was
simulated.  Why don't you send me the exact references--unless you rather believe in
fairy tales?

Lonnie K. Stevans
acslks@xxxxxxxxxxx

>>> pdavidso <pdavidso@xxxxxxx> 11/13/02 12:01PM >>>
>===== Original Message From "Lonnie K. Stevans" <ACSLKS@xxxxxxxxxxxxxxxxx>
=====
>That is ridiculous.  If true, I would bet that whoever did
>the simulation forgot to vary the "seed" of the random
>number generator, so they received the same results
>each time.
>
>Lonnie K. Stevans
>acslks@xxxxxxxxxxx
>

Stop denying the obvious!  Different random number generators were used by
Yaglom, graduate students, etc.

Clearly you will refuse to accept the obvious -- so I think there is little to
be gained by further correspondence.

Paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 523
Knoxville, Tennessee 37996-0550
phone # (865)974-4221; fax #(561)737-8262;
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/davidsonextra/Davidson.html