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Agreed, I have a similar background. Science is done in economics, but a lot of economics ends up being thought experiments turned into a graph eventually taken
by twobitshifter 3y ago
Agreed, I have a similar background. Science is done in economics, but a lot of economics ends up being thought experiments turned into a graph eventually taken as fact. Once you get into the science of the shapes of everyones’ multi dimensional personal utility curves and rational behavior you are drifting from actual observed behavior. That’s the pivot to the other side of irrational behavior that Dan Ariely loved to push based on observations, but now we find that’s full of false claims.