The end is nigh...

As we record more and more information about ourselves and
everything around us, Chris Anderson argues
in Wired that the end of theory is nigh.
(He’s certainly not the first to do so.)

It’s certainly true that we have moved into an age of
data abundance as far as social sciences go.
It’s worthwhile to simply dive into these streams
of data and look for patterns. Questions will naturally
appear, we will search more, and theories will form.
And while simple theories may not be available for
many problems, we at least have the task of improving the science of description.

Predicting financial crises

The Economist ponders agent based models.