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ChristianKl comments on Separating the roles of theory and direct empirical evidence in belief formation: the examples of minimum wage and anthropogenic global warming - Less Wrong Discussion

24 Post author: VipulNaik 25 June 2014 09:47PM

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Comment author: ChristianKl 30 June 2014 11:09:22PM 0 points [-]

So I meant that the theory of supply and demand on the whole is supported through several lines of evidence

The idea that supply and demand are a factor that can change some commercial interactions isn't controversial. Human psychology on the other hand is quite complex. There is good evidence that most humans aren't completely rational utility optimizers.