Jake Blackburn
New member
Any econ phds or masters students who know the answer to this question?
I feel as though some stuff in economics is not based in how real people react to things but, instead, in a theoretical world with ridiculous assumptions.
How many of the models in undergrad econ classes are based on hard statistics and the scientific method and not people assuming that people would behave a certain way and extrapolating theories based on these assumptions?
I feel as though some stuff in economics is not based in how real people react to things but, instead, in a theoretical world with ridiculous assumptions.
How many of the models in undergrad econ classes are based on hard statistics and the scientific method and not people assuming that people would behave a certain way and extrapolating theories based on these assumptions?