Extemporaneous musings, occasionally poetic, about life in its richly varied dimensions, especially as relates to history, theology, law, literature, science, by one who is an attorney, ordained minister, historian, writer, and African American.
Saturday, March 5, 2016
ECONOMIC THEORY NEARLY AS FLIMSY AS PSYCHOLOOGY
I have long said that "psychology" was not "science" owing to the lack of replicability, within it; its deviant diagnostic standards, and its failure to classify "white racism, white supremacy & black inferiority" as diseases.
About 40% of economics experiments fail replication survey
Compared with psychology, the replication rate "is rather good," researchers say
WWW.SCIENCEMAG.ORG
http://www.sciencemag.org/news/2016/03/about-40-economics-experiments-fail-replication-survey?utm_campaign=email-news-weekly&et_rid=17081228&et_cid=319219