mattnewport comments on Applying utility functions to humans considered harmful - Less Wrong

26 Post author: Kaj_Sotala 03 February 2010 07:22PM

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Comment author: rortian 05 February 2010 01:55:36AM 0 points [-]

Look if econ had little influence outside its field, I would agree and say who cares. However this is hardly case.

I would agree with something you suggested though. We would do well do just discuss the end results and remember that the models are trash.

Comment author: mattnewport 05 February 2010 02:12:45AM 1 point [-]

The real damage comes from macroeconomics and I'd agree that most of the models used there are crap - because they fail at prediction.