- Economists falsely assume "rational" actors. - Underestimate groupthink, social dynamics, other non-market forces. - False precision - Mean-reversion rather than "outliers continue to outlie"
Eric Jorgenson 📚 ☀️
Eric Jorgenson 📚 ☀️8.8. klo 10.49
Economics has useful mental models. Economists, however, seem wrong most of the time.
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