๐๏ธ ๐งต Untitled Thread
Anonymous at Sun, 2 Jun 2024 17:10:07 UTC No. 16206411
Why is economics considered much harder discipline than physics or engineering??
Anonymous at Sun, 2 Jun 2024 17:11:57 UTC No. 16206414
>>16206411
Probably because there's more bullshit involved.
Anonymous at Sun, 2 Jun 2024 17:14:14 UTC No. 16206415
>>16206414
how the fuck is pic related 'bullshit' ???
Anonymous at Sun, 2 Jun 2024 17:15:15 UTC No. 16206418
>>16206411
IMO? It's more boring, lol. Idk man, I could only see myself being bored if I were to go into economics.
Not saying the money would be bad
Anonymous at Sun, 2 Jun 2024 17:23:35 UTC No. 16206428
>>16206411
because it is harder
Anonymous at Sun, 2 Jun 2024 17:26:38 UTC No. 16206432
>>16206411
Instead of natural phenomena that can usually be predicted, you analyze how money behaves - or humans behave with money.
Anonymous at Sun, 2 Jun 2024 17:31:33 UTC No. 16206437
>>16206411
It's not.
Anonymous at Sun, 2 Jun 2024 17:35:54 UTC No. 16206441
>>16206411
Because economics actually matters compared to physics or engineering. It literally has 0 effects if some random physicist manages to capture some fucking laser beam in a miniscule time interval or if an engineer develops some next gimmick that some chinese worker will instantly reverse engineering in a couple hours and have it on sale on aliexpress the same day. None of that have material or economic impact to society.
Economics require a deep grasp of all sciences, engineering and social activities humans do day to day and anyone who can actually apply economic models on these complex clusters is rewarded extremely well from society through monetary compensation (see hedge fund managers)
Anonymous at Sun, 2 Jun 2024 17:45:11 UTC No. 16206452
Because you can just lie.
Anonymous at Sun, 2 Jun 2024 17:52:46 UTC No. 16206463
>>16206415
How's that complicated? Looks like rate of change of E depends on some variables. Would be piss easy to numerically solve that given the variables. It may be hard to estimate the variables but the equation itself is fairly trivial compared to shit you see in grad physics.
Anonymous at Sun, 2 Jun 2024 17:56:18 UTC No. 16206469
>>16206463
>How's that complicated?
congrats faggot, you can do simple undergrad econometrics any business student bro can do kek your parents must be proud of you being able to solve an undergrad econometric equation
Anonymous at Sun, 2 Jun 2024 18:03:53 UTC No. 16206476
>>16206463
>Looks like rate of change of E
It is the expected value sign. You don't even know the mathematical notation involved so you can throw yourself out the window
Anonymous at Sun, 2 Jun 2024 18:05:53 UTC No. 16206478
>>16206415
what is this about
Anonymous at Sun, 2 Jun 2024 18:10:41 UTC No. 16206481
>>16206415
You're right that's actually less bullshit than physics
Anonymous at Sun, 2 Jun 2024 18:50:23 UTC No. 16206517
Is anyone here actually studying econometrics?
Anonymous at Sun, 2 Jun 2024 19:06:33 UTC No. 16206530
Econometrics is mostly just statistics. Economists are narcissists, so they had to name it after themselves.
Anonymous at Sun, 2 Jun 2024 19:08:59 UTC No. 16206534
>>16206530
Based always be a narcissist
Anonymous at Sun, 2 Jun 2024 19:10:50 UTC No. 16206538
>>16206517
will
Anonymous at Sun, 2 Jun 2024 20:01:09 UTC No. 16206620
>>16206476
I don't write expectation that way. I write it as <X>.
Anonymous at Sun, 2 Jun 2024 20:09:58 UTC No. 16206636
>>16206415
Its physics envy. Any mental retardation gets transformed into math symbols and put in equation form. It doesnt make it complicated and certainly not scientific.
You'd think economists actually use these equations for calculations, but they cant because they have no data to put on them. All their functions are allegories like "production formula" that says GDP[Capital,Labor].
The models are just a bunch of accounting formulas with made up rates of change
Anonymous at Sun, 2 Jun 2024 23:12:25 UTC No. 16206925
>>16206636
>real life could be formulated as mathematical models
>use models to understand how physical materials move
<good
>use models to understand how capital move
<bad