Economists have been using ensemble average where they should of being using time average. Using the wrong type of average mildly screws up everything in very

Economists have been using ensemble average where they should of being using time average. Using the wrong type of average mildly screws up everything in very subtle ways as you can imagine. A lot of the important results in the field including one that got a nobel prize turn out to be wrong. The economists are responding to this in a very mature way and have told Ole Peters "he can go kick a rock".