![]() The models are tested against various real life and scenarios, to see how well prediction fits with observations. How about doing reading and reflecting on behavioral economics (BE) first? Try searching for undergraduate -level articles by Daniel Kahneman and Amos Tversky.Ģ) In very (too) brief: data are used to construct models, based on a set of starting assumptions about how the world works. NB: You frequently complain about folks not looking things up on the forum before making statements. ![]() Click to expand.You seem rather clueless on how data works, and even less clear on how a sample of players on a forum (beta forum) may not be representative of the total population of beta players.ġ) Evidence on behavioral economics and behavioral finance is well documented, with multiple sources of empirical and theoretical evidence. ![]()
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