ZeroCool@feddit.ch to Political Memes@lemmy.worldEnglish · 1 year ago100% Chancei.postimg.ccimagemessage-square101fedilinkarrow-up1671file-text
arrow-up1671image100% Chancei.postimg.ccZeroCool@feddit.ch to Political Memes@lemmy.worldEnglish · 1 year agomessage-square101fedilinkfile-text
Link to the original article: https://www.bloomberg.com/news/articles/2022-10-17/forecast-for-us-recession-within-year-hits-100-in-blow-to-biden
minus-squarePons_Aelius@kbin.sociallinkfedilinkarrow-up20·1 year ago most of the field of economics looks a lot like a pseudoscience. Well, when one of the founding assumptions is that humans make rational economic decisions, you are in for a bad time.
minus-squareWalrusDragonOnABike@kbin.sociallinkfedilinkarrow-up7·edit-21 year agoWhat if you assume they have infinite time horizons or instantaneous and free transaction costs over infinite distances?
minus-squareHeyThisIsntTheYMCA@lemmy.worldlinkfedilinkEnglisharrow-up7·1 year agoAssume that this cow is a sphere
minus-squarePons_Aelius@kbin.sociallinkfedilinkarrow-up3·1 year agoYep. It is like starting geometry by saying. “Lets assume π = 3.”
Well, when one of the founding assumptions is that humans make rational economic decisions, you are in for a bad time.
What if you assume they have infinite time horizons or instantaneous and free transaction costs over infinite distances?
Assume that this cow is a sphere
Removed by mod
Yep. It is like starting geometry by saying. “Lets assume π = 3.”