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View Diary: Economics Daily Digest: Economists are only as good as their data (22 comments)

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  •  R&R have really damaged economics as a (1+ / 0-)
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    profession. I hope that they have the decency to retract their paper. But as of now, they're claiming their errors didn't matter to their conclusion, although they wouldn't get the results they got without the errors.

    •  I think the sense of time is connected to the (0+ / 0-)

      sense of sequence. People who don't have it don't get that the conclusion is supposed to follow or come after the facts are collected. If a hypothesis merely exists to be confirmed by whatever data firms it up, then the sequence is not significant. Everything exists in one time-frame and the parts just have to be rearranged.
      Imagine the difference between putting together a jig saw puzzle and a train track. One is a linear process and the other isn't.

      We organize governments to deliver services and prevent abuse.

      by hannah on Tue Apr 23, 2013 at 01:01:26 AM PDT

      [ Parent ]

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