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by jhap
1831 days ago
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> In a sense we do have this: engineering and finance. Engineering turns good hard science into new tools, machines and weapons, and Finance turns good (predictive) soft science into new ways to make money. I think this is a common critique, but I also think it is missing the point. What if the question of interest isn't so easily verifiable like in Engineering? Do we just throw up our hands and give up on those questions? [The alternative to good social science is not no social science, it’s bad social science](https://statmodeling.stat.columbia.edu/2021/03/12/the-social...). Finance is also a bit tautological in this regard. It seems that often prediction models are impossible to disprove (e.g., our arbitrage method doesn't work anymore, the market updated). Yes good for putting skin in the game, but doesn't seem like it does much to advance our long-term understanding of humans. |
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Some things may well be complex enough that it's simply impossible, with the amount of resources available to the average university, to conduct a thorough enough study on a representative enough sample that accounts for enough confounding factors to make a statistically sound prediction that generalises. If this were the case for a significant proportion of the subjects of study of a particular field, then it might well be better to "give up" and admit we don't and cannot know, otherwise we're essentially creating a factory for bad science (as the available resources relative to the scope of the problem aren't sufficient to create good science, and there's no negative feedback to stop the bad science).