Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Warning: Cannot modify header information - headers already sent by (output started at /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php:6131) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/feed-rss2-comments.php on line 8
Comments on: Psychics, data, theory, and economics http://www.tvhe.co.nz/2010/11/22/psychics-data-theory-and-economics/ The Visible Hand in Economics Sun, 21 Nov 2010 23:52:17 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jim Rose http://www.tvhe.co.nz/2010/11/22/psychics-data-theory-and-economics/#comment-31414 Sun, 21 Nov 2010 23:52:17 +0000 http://www.tvhe.co.nz/?p=5553#comment-31414 Falafulu Fisi,

for examples, compare the 9 schools of marcoeconomic thought on inflation, unemployment and the business cycle.

another example is the clashing views of economists on the successes of privatisation or deregulation using the same data.

]]> By: Falafulu Fisi http://www.tvhe.co.nz/2010/11/22/psychics-data-theory-and-economics/#comment-31411 Sun, 21 Nov 2010 21:06:26 +0000 http://www.tvhe.co.nz/?p=5553#comment-31411 Matt said…
the fact that the economic method is so broad that we can often explain the same set of data with entirely different models

Matt, can you give some examples please? There is a huge difference between descriptive statistical analysis and modeling.

]]> By: Falafulu Fisi http://www.tvhe.co.nz/2010/11/22/psychics-data-theory-and-economics/#comment-31410 Sun, 21 Nov 2010 20:49:44 +0000 http://www.tvhe.co.nz/?p=5553#comment-31410 Psi is bullsh*t. It doesn’t exist. For it to exist, it means that all known laws of physics must be contradicted. If laws of physics are being contradicted, then it means that everything we (conscious observer on this universe) encounter is just illusion. But we know that we really exist (ie, no illusion). I don’t know why psychologists are wasting time & money doing research in bullsh*t.

]]>