Groups | Search | Server Info | Keyboard shortcuts | Login | Register [http] [https] [nntp] [nntps]
Groups > sci.physics > #697675
| From | Sergio <invalid@invalid.com> |
|---|---|
| Newsgroups | sci.physics |
| Subject | Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer |
| Date | 2018-08-08 21:33 -0500 |
| Organization | Aioe.org NNTP Server |
| Message-ID | <pkg95f$1m8q$2@gioia.aioe.org> (permalink) |
| References | <95432b4f-06c1-4b3f-ae14-c352dc960d51@googlegroups.com> |
On 8/8/2018 12:22 PM, alal65536@gmail.com wrote: > According to mathematician J. Doyne Farmer, in edge.org, in "Collective Awareness", he talks about economics, and building better economic models to predict the future. People play a central role in economics, and the idea that they behave rationally has been discredited. > > It is very difficult to predict the behaviour of people not acting logically, but acting emotionally with all their cognitive biases. > > From my experience studying economics and physics, I must argue that the maths required to do even classical physics is a lot harder than mastering the basics of macroeconomics. However physics can give much better predictions than economics. > > I would argue that much greater mathematical skill is required in being a successful physicist, than a successful economist. However, top economists make more money than top physicists. > > > > Abhinav Lal > a lot of physicists do stock market prediction as a Quant. Using math skills, not physics so much. Huge $$$ there.
Back to sci.physics | Previous | Next — Previous in thread | Next in thread | Find similar | Unroll thread
"Economics is a lot harder than physics, because people can think." J. Doyne Farmer alal65536@gmail.com - 2018-08-08 10:22 -0700
Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer Sergio <invalid@invalid.com> - 2018-08-08 21:33 -0500
Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer alal65536@gmail.com - 2018-08-09 08:28 -0700
Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer Sergio <invalid@invalid.com> - 2018-08-09 12:21 -0500
Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer alal65536@gmail.com - 2018-08-09 10:52 -0700
Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer Sergio <invalid@invalid.com> - 2018-08-09 13:04 -0500
Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer Sergio <invalid@invalid.com> - 2018-08-09 13:12 -0500
Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer alal65536@gmail.com - 2018-08-09 17:20 -0700
Re: "Economics is a lot harder than physics, because people can think." J. Doyne Farmer Sergio <invalid@invalid.com> - 2018-08-09 20:50 -0500
csiph-web