And even psychology is extremely dubious. Just look at the recent Stanford scandal, and the replication crisis a few year ago…
Unfortunately, publication pressure turned psychology into total junk. You can’t really believe anything unless several other institutions replicated the experiments (and good luck getting funding for that).
Daniel Kahneman won the 2002 Nobel prize in economics for his research on the psychology of judgement and decision making, which drives our economic models. He’s a psychologist.
Any definition of experimental that fits psychology will fit economics.
This sentence doesn’t even make sense.
Econometrics is highly research driven and evidence based. In it’s simplest form econometrics says if you put prices down you will (usually) sell more of your product. You’d dismiss this observation as pseudo-science?
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And even psychology is extremely dubious. Just look at the recent Stanford scandal, and the replication crisis a few year ago…
Unfortunately, publication pressure turned psychology into total junk. You can’t really believe anything unless several other institutions replicated the experiments (and good luck getting funding for that).
Shouldn’t that be the case with every scientific discipline?
I mean, define experimental?
Daniel Kahneman won the 2002 Nobel prize in economics for his research on the psychology of judgement and decision making, which drives our economic models. He’s a psychologist.
Any definition of experimental that fits psychology will fit economics.
Psychology is “experimental” only in its loosest possible definition.
Wrong
Sociology is an actual science with a methodology and it tries to learn from other sciences.
Economy considers it pure like maths despite the evidences it is not the case.
Economy is pseudo-science at its best.
This sentence doesn’t even make sense.
Econometrics is highly research driven and evidence based. In it’s simplest form econometrics says if you put prices down you will (usually) sell more of your product. You’d dismiss this observation as pseudo-science?