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Before you lay into an entire academic discipline, it would help to understand it a little better. Fine if you’re just bagging on DSGE models, since they really
by Gimpei 4y ago
Before you lay into an entire academic discipline, it would help to understand it a little better. Fine if you’re just bagging on DSGE models, since they really are garbage (although I would argue that it is because of all the equations involved). But the vast majority of economics is concerned with causal analysis where there are no predictions. And everybody reports standard errors and has for decades.
- sudosysgen 4y agoDo the standard errors actually hold up empirically?