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I agree. Economists have always been able to get away with saying their models are better than data. Imagine biologists coming up with a theory of A cellular pr
by j7ake 9y ago
I agree. Economists have always been able to get away with saying their models are better than data. Imagine biologists coming up with a theory of A cellular process but makes silly predictions. The biologist doesn't stand firm with their model and say "ah the cell isn't being optimal here, they are so stupid". Any real scientist would go back and rethink about their model.