On potential
flaw in the models of both types of services is the tendency of trades workers to cut side deals.
A
current flaw in the model is it still requires the startups to go cash out - of - pocket, even with deeply discounted rates, which they may or may not have the money to pay for.
There must be a
serious flaw in our model somewhere because our ability to find cheap undiscovered talent is simply not impressive enough to make up for the gap in spending by our main competitors.
Some may consider «denial» some sort of insult, but as long as the case being put is that the only
possible flaw in the modeling is that it's pessimistic, I can't think of a better term.
Just a classic general equilibrium models, efficient markets, smooth continuous price movements, the Phillips curve, Black - Scholes — I'm good friends with Myron Scholes, and he's taught me a lot, but there's a lot of
flaws in that model.
The flaws in this model aren't going to disappear overnight: Women and minorities will need to intentionally adapt their styles to beat the system and change it from within.
I take your point that
flaws in the models can just as well result in under - predicting as over-predicting.
Unsurprisingly he finds a discrepancy between those two results, but he assumes that is
a flaw in the models -LRB-!).