Talk:Austrian predictions: Difference between revisions
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Of course, if we're going to be scientific about determining how good Austrian school economists have been at making accurate predictions, then we should also make note of predictions that turned out to be false. I.e., if an Austrian economist said, "If p happens, then q will happen" and subsequently p happened but q never happened (within a reasonable timeframe), that would be a false prediction. Our data is subject to [[confirmation bias]] if we only concern ourselves with evidence that backs up our position. Readers will be aware of that bias and judge accordingly. [[User:Nathan Larson|Nathan Larson]] ([[User talk:Nathan Larson|talk]]) 19:39, 12 August 2012 (MSD) | Of course, if we're going to be scientific about determining how good Austrian school economists have been at making accurate predictions, then we should also make note of predictions that turned out to be false. I.e., if an Austrian economist said, "If p happens, then q will happen" and subsequently p happened but q never happened (within a reasonable timeframe), that would be a false prediction. Our data is subject to [[confirmation bias]] if we only concern ourselves with evidence that backs up our position. Readers will be aware of that bias and judge accordingly. [[User:Nathan Larson|Nathan Larson]] ([[User talk:Nathan Larson|talk]]) 19:39, 12 August 2012 (MSD) | ||
:Do you have some examples of Austrian predictions that were proven wrong? {{nowrap|--[[User:John James|John James]] ([[User talk:John James|talk]]) 21:20, 12 August 2012 (MSD)}} | |||
Revision as of 17:20, 12 August 2012
Of course, if we're going to be scientific about determining how good Austrian school economists have been at making accurate predictions, then we should also make note of predictions that turned out to be false. I.e., if an Austrian economist said, "If p happens, then q will happen" and subsequently p happened but q never happened (within a reasonable timeframe), that would be a false prediction. Our data is subject to confirmation bias if we only concern ourselves with evidence that backs up our position. Readers will be aware of that bias and judge accordingly. Nathan Larson (talk) 19:39, 12 August 2012 (MSD)
- Do you have some examples of Austrian predictions that were proven wrong? --John James (talk) 21:20, 12 August 2012 (MSD)