948 The Most Exciting Game Of This Year (4/4)

Chapter 948 The Most Exciting Game of the Year (44)

The next day, Lecture Hall No. 1.

With a stack of papers totaling twelve pages, Professor Krugman in formal attire stepped onto the podium.

Although this was supposed to be done by Xiaotong, she declined it on the grounds that she had no experience in giving reports at large conferences and could not fully convey her brother's research results to the economics community.

In fact, it doesn't matter who comes to power to complete these tasks.

Because she has made up her mind.

Looking around at the gradually quiet audience, Professor Krugman cleared his throat and spoke in a steady voice.

"I believe that many of you here have already heard about yesterday's report meeting, and were even present at the scene."

"Professor Joseph has made a very complete description of the Lu-Bewley model. Although there are some omissions and misunderstandings, at the end of the report, he also supplemented those omissions."

"As for the Lu-Bewley model, I don't have anything more to say. In fact, I shouldn't be standing here today, but Professor Lu who actually completed this work."

Hearing the last sentence, there were whispers from the audience.

"What does Professor Krugman mean?"

"Did Professor Lu do anything else?"

"If I remember correctly, the theme of this report should be to discuss the application of the Lu-Bewley model in macroeconomics."

"It seems that Professor Krugman made temporary revisions and gave up the paper he originally planned to publish... Is he planning to publish some new results for Professor Lu?"

Seeing the commotion in the lecture hall, Professor Krugman kissed his throat heavily, signaling the audience to stop talking.

When the lecture hall returned to silence again, he continued to speak in a clear voice.

"Just yesterday afternoon, Professor Lu revised his research results and left us with a model that is better than the Lu-Bewley model."

"Some people may doubt what can be produced in an afternoon. In fact, just a dozen hours ago, I was also skeptical..."

"Until I actually read this paper."

After Professor Krugman said these words, many people in the lecture hall had expressions of disbelief on their faces.

Except, those people who were also in this lecture hall yesterday...

Having said that, Professor Krugman paused for a moment, his eyes rested on the face of Professor Joseph sitting in the front row for a few seconds, then he looked at the audience and continued.

"Please don't worry, I will show you this improved Lu-Bewley model soon."

"Everyone, please, listen carefully."

...

With his back to the audience, Professor Krugman wrote on the whiteboard line by line according to the content of the paper with a marker pen in his hand, and based on his own understanding of the Lu-Bewley model and the paper , accompanied by detailed descriptive language.

Although the calculation formula displayed on the whiteboard at this moment is only the tip of the iceberg of this model, many scholars sitting here who are good at using mathematical tools have clearly felt the improved Lu-Bewley model, compared to It is a further superior performance from the previous model.

This is both an academic intuition.

It is also the experience accumulated in macroeconomic research for a long time.

Especially Professor Joseph.

Listening and watching carefully in the audience, at this moment, his face is both shocked and relieved.

Now he finally believed it, that person was really not joking.

Being able to study these things in an afternoon, this guy's mathematical attainments have already stood at the pinnacle of all the scholars he knows...

And not just an understanding of mathematics itself.

This ability to use mathematics as a tool and skillfully apply it to completely different fields to solve practical problems is really terrifying!

I am afraid that even the late mathematical genius John Nash could not have done better than him...

"Mathematics changes science..." Professor Joseph, who was staring at the calculation formula on the whiteboard, muttered to himself, suddenly smiled and shook his head, "... No wonder he can boast such a lot."

"Hehe, with his ability, he is modest."

It's not just changing the science anymore.

Simply redefining science!

At least, it redefines his understanding of mathematical economics...

At the same time, Professor Krugman, who was standing on the podium, also stopped the marker pen in his hand.

After re-reading the paper in his hand, comparing it with the content on the whiteboard, and confirming that there were no omissions or clerical errors, he turned around and looked at the audience in the lecture hall.

"Do you have any other questions?"

There was silence under the stage, no one spoke, and no one raised their hands.

Looking at the silent audience, Professor Krugman was sure that he had made it very clear, and no one would understand, so he nodded.

"Then let's stop here..."

Just when he was about to put down the marker pen, the audience suddenly raised a hand tremblingly.

"Wait a moment!"

Just as everyone focused their gazes, the young scholar who stood up scratched his cheek in embarrassment, and spoke quickly.

"I don't have a question, just about this model...how should we name it? Must be different from the original Lu-Bewley model?"

This question is on point.

There were voices of discussion in the lecture hall, which seemed to be discussing this issue.

Professor Krugman was also slightly taken aback when he heard this question.

It seems that in this paper, the model is indeed not named...

Just like the original paper on the Lu-Bewley model, the name of the Lu-Bewley model is the default when other scholars discuss this issue.

It seems that Professor Lu does not seem to have much enthusiasm for naming research results in the field of economics.

Thinking of this, Professor Krugman shook his head with a helpless smile, cleared his throat after serious thinking for a while, and tried to propose.

"Why don't you add Joseph to it? After all, Professor Lu himself admitted that he was inspired by Professor Joseph's report—"

Just halfway through the sentence, he was interrupted by an involuntary voice.

"I don't deserve it."

Under the surprised eyes of everyone, Professor Joseph who was sitting in the front row of the lecture hall suddenly stood up, interrupted Professor Krugman unceremoniously, paused for a while and continued, "Also, I don't want to be a 'mistake'." The counterexample of ', was counted into the contribution of this model by later people."

"...Uh, that's not what I meant." Seeing Professor Joseph's expressionless face, Professor Krugman, who didn't want to offend anyone, hurriedly explained, "This is just for distinction, not as a counterexample."

Ignoring Krugman's explanation, the old man with white beard and hair stared at the calculations on the whiteboard for a while, and then fell silent for a while.

After that, he spoke.

"As we can see, the improved Lu-Bewley model has deviated from the basic framework of the original Bewley model."

"This is an economic model that is more open, more operable, and has a wider range of applications."

"Therefore, I propose to name it in a completely new way... the L-Z model."

There was a commotion in the reporting venue.

Scholars who sat in the venue and held supportive views nodded their heads in agreement.

Although there are some people who are expressionless and noncommittal to this name, their eyes are also a little thoughtful because of this sentence, as if they are thinking about something seriously.

Sitting under the stage, looking at the revived figure in front of him, Professor Andis nodded approvingly.

"As expected of Joseph Stiglitz, it seems that yesterday's incident touched him a lot...Although I am not qualified to comment on him, but after this conference, his achievements in economics must be able to be repeated. Let's go up a level."

Sitting next to Professor Andis, Wiesel has been listening to the boss say "that incident yesterday", and the whole person is at a loss.

In the end, he still couldn't hold back the curiosity in his heart and asked.

"Professor Andis, may I ask... what happened yesterday?"

"You weren't there yesterday?" Suddenly remembered something, Professor Andis showed a dazed expression, "Oh, I seem to remember, you really didn't seem to be in the lecture hall yesterday."

Wessel swallowed and asked, "So what happened?"

"It's nothing, it's just a pity that you probably missed the most exciting report meeting of this macroeconomics forum."

Having said that, seeing the remorseful expression gradually appearing on the doctoral student's face, Professor Andis smiled maliciously, and added something after a pause.

"Of course, it may also be the most exciting match of the year."