What makes economics very different from physical sciences
Elements in the system (people) are aware of the "rules" of the system and consciously alter their behavior in response to what they believe the rules to be.
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Drew |
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welcome to quantum physics
If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
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That's not how quantum physics works.
There are strong, well-understood rules and equations that will give you the answer to a quantum mechanics problem. The answer includes a probability.
http://en.wikipedia....B6dinger_equation As Drew said, Economics tries to apply mathematics to Calvinball. The players are always changing the rules. Cheers, Scott. |
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Re: That's not how quantum physics works.
yes it is, the answer depends on the observation. Is the cat dead or not?
If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
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Economics is not falsifiable
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Drew |
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What? ever hear of ponzi?
If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
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It's both.
Observation collapses the wave function. It doesn't change the physics.
More: http://en.wikipedia....%B6dinger%27s_cat Cheers, Scott. |
Economic theory is based on faulty mathematics.
- (Another Scott)
- (27)
- Feb. 17, 2010, 12:10:01 AM EST
Economics is not sufficiently reality based . . .
- (Andrew Grygus)
- (3)
- Feb. 17, 2010, 02:25:57 AM EST
Personally, I think that it depends on the economist's
- (jake123)
- (2)
- Feb. 17, 2010, 03:08:50 AM EST
too bad it only applies to economists not climatologists :-)
-NT
- (boxley)
- (1)
- Feb. 17, 2010, 08:57:58 AM EST
That's why I pay attention when they say that
- (jake123)
- Feb. 17, 2010, 09:31:24 AM EST
That got complex *very* quickly.
- (static)
- Feb. 17, 2010, 07:31:04 AM EST
Appears to be
- (beepster)
- (21)
- Feb. 17, 2010, 10:44:19 AM EST
I thought that might get a rise out of you. ;-)
- (Another Scott)
- (15)
- Feb. 17, 2010, 11:18:02 AM EST
hmm, Mises by the backdoor
-NT
- (boxley)
- Feb. 17, 2010, 11:25:45 AM EST
I know who he is...
- (beepster)
- (13)
- Feb. 17, 2010, 04:03:53 PM EST
I read it a little differently.
- (Another Scott)
- (12)
- Feb. 17, 2010, 08:32:58 PM EST
like I always said about climate models
- (boxley)
- (11)
- Feb. 17, 2010, 09:09:22 PM EST
The analogy is bad.
- (Another Scott)
- (10)
- Feb. 17, 2010, 09:32:52 PM EST
What makes economics very different from physical sciences
- (drook)
- (6)
- Feb. 17, 2010, 10:03:07 PM EST
welcome to quantum physics
-NT
- (boxley)
- (5)
- Feb. 17, 2010, 10:37:31 PM EST
That's not how quantum physics works.
- (Another Scott)
- (4)
- Feb. 17, 2010, 11:21:31 PM EST
Re: That's not how quantum physics works.
- (boxley)
- (3)
- Feb. 17, 2010, 11:25:44 PM EST
Economics is not falsifiable
-NT
- (drook)
- (1)
- Feb. 17, 2010, 11:37:31 PM EST
What? ever hear of ponzi?
-NT
- (boxley)
- Feb. 18, 2010, 11:07:50 AM EST
It's both.
- (Another Scott)
- Feb. 17, 2010, 11:44:17 PM EST
climatology isnt herd mentality? bwahahahaha
- (boxley)
- (2)
- Feb. 17, 2010, 10:35:39 PM EST
So run it against history.
- (Another Scott)
- (1)
- Feb. 17, 2010, 10:49:16 PM EST
thanx, downloaded will review
-NT
- (boxley)
- Feb. 17, 2010, 10:57:10 PM EST
I don't think so
- (drook)
- Feb. 17, 2010, 11:33:17 AM EST
Re: Appears to be
- (What-are-Dice?)
- (3)
- March 28, 2010, 06:00:46 PM EDT
Welcome
- (crazy)
- March 28, 2010, 06:51:35 PM EDT
Introduce yourself, please!
- (folkert)
- March 28, 2010, 08:45:38 PM EDT
welcome to the non herd
-NT
- (boxley)
- March 29, 2010, 08:57:51 AM EDT
