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Can Econometric Models Provide a Laboratory Setting for Economic Analysis?

Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
Dec 7, 2023 · 9m 21s

Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly. Original Article: Can Econometric Models Provide a Laboratory Setting...

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Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly. Original Article: Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
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Author Mises Institute
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