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by mikrl
1020 days ago
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>Nonetheless, this is better than having no empiricism or scientific method at all and having models built based on some logical axioms treated as the ultimate truth Like theories built on mathematics or logic? Don’t get me wrong, I’m not shilling Austrian economics and I disagree with most assumptions of pure rationality, but I think an axiomatic approach to human decision making is not necessarily a bad thing. I’m sure preferences and biases have some mechanism we can quantify and explain from first principles. |
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