3 ms·

Of course it's not replicable. There's simply too many external factors that can mess up any well meaning experiment.

• contravariant 11y ago
  So basically you're saying those experiments had no predictive power in the first place?
  • Mikeb85 11y ago
    They have some. But its not about predictive power, its about replicable experiments like you have in the sciences... Economics is a useful social science (it's what I study), but it has challenges that the more established sciences don't encounter...
  • hyperbovine 11y ago
    On the contrary, they predict the data they studied extremely well :)
  • roel_v 11y ago
    First question is, did anyone claim their models would have predictive power, and what sort of uncertainty margins did they set. Economics and other social science modeling is not 'R square > 0.9, let's go to the pub!' (apart from the fact that a regression model is not even a model as it applies to most processes from these fields, but that's a different discussion...).