How to use Models

How to use models

1. Start with a simple model (e.g. alert/bored model for Markov processes)
2. Understand the mechanics of the simple model
3. Understand how the simple model scales with more dimensions (e.g. 3 states instead of 2)
4. Apply the model to real problems with more dimensions (e.g. democratization problem)
5. Use real data and get a deeper understanding of how the model works
6. See if counter-intuitive results emerge

Reference:

• Lecture 10.3 Markov Model of Democratization