3) The current and most interesting experiment is the chinese losses from micro-lending boom-bust, and chinese enthusiasm for housing investment boom (now busting). So it’s ignorance and greed, ignorance and fear, vs knowledge which ameliorates greed vs fear. Ergo: Mellers ~True.
Source date (UTC): 2019-12-04 13:31:47 UTC
Original post: https://twitter.com/i/web/status/1202218944616181761
Reply addressees: @DegenRolf
Replying to: https://twitter.com/i/web/status/1202217670176903168
IN REPLY TO:
Unknown author
@DegenRolf 2) Similar problems in phys, econ and psych experiments: Phys: tests are increasingly expensive for other than govts; Econ: cannot construct tests but get very good data from real world demonstrated preferences; Psych: cannot produce tests of *meaningful* demonstrated preference.
Original post: https://x.com/i/web/status/1202217670176903168
IN REPLY TO:
@curtdoolittle
@DegenRolf 2) Similar problems in phys, econ and psych experiments: Phys: tests are increasingly expensive for other than govts; Econ: cannot construct tests but get very good data from real world demonstrated preferences; Psych: cannot produce tests of *meaningful* demonstrated preference.
Original post: https://x.com/i/web/status/1202217670176903168
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