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Science

Warpy

(114,525 posts)

6. I consider it a subset of sociology

Reply to 4dog (Reply #1)

Sun Dec 4, 2022, 12:52 AM

Dec 2022

Just because there are a lot of numbers attached doesn't make it particularly able to be replicated in a lab.

I offer the cautionary tale of Long Term Capital Management, headed up by Nobel winning economists who devised a mathematical formula for playing the markets in such a way that losing became impossible. Until they did. It's quite a story.

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The Tragic Science [View all] NNadir Dec 2022 OP

They keep calling it a science. 4dog Dec 2022 #1

I fully credit your remark. NNadir Dec 2022 #2

I think of it as a "soft" science... Wounded Bear Dec 2022 #4

I consider it a subset of sociology Warpy Dec 2022 #6

I read an article in the New Yorker on the economist Frank Ramsey, 1904-1930. He believed c-rational Dec 2022 #3

In an ethical world the idea wouldn't be radical. In this one it is. n/t. NNadir Dec 2022 #5