tag:blogger.com,1999:blog-2761684730989137546.post8273315145186470023..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Lara Lee and Daniel Sobol — What Data Can't Tell You About Customersmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-52001180936418927572012-08-28T13:37:00.926-04:002012-08-28T13:37:00.926-04:00Walter Shewhart summed this succinctly back in the...Walter Shewhart summed this succinctly back in the 1920s.<br /><br />"Data is meaningless without context."Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-12723237760980510652012-08-28T13:11:55.816-04:002012-08-28T13:11:55.816-04:00This comment has been removed by the author.Trixiehttps://www.blogger.com/profile/17763994914034770622noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-62731934860754234862012-08-28T11:31:13.086-04:002012-08-28T11:31:13.086-04:00Individuals are unpredictable but the behavior pat...Individuals are unpredictable but the behavior patterns of large groups can be pretty predictable.<br /><br />Thus we can be reasonbly sure that prohibition or a war on drugs won't stop people from using.<br /><br />We also know that people en mass are unlikely to willingly starve themselves to death.paul melihttps://www.blogger.com/profile/04604543110795683837noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-842935852285210172012-08-28T11:18:44.629-04:002012-08-28T11:18:44.629-04:00Austrians and Keynesians (other than "bastard...Austrians and Keynesians (other than "bastard" Keynesians that combine neoclassicalism with Keynes, like Samuelson) agree on non-ergodicity of social systems, as do virtually all social scientists but mainstream economists. Uncertainty is fundamental to genuine Keynesianism.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-17032417851950067902012-08-28T10:50:33.776-04:002012-08-28T10:50:33.776-04:00Human behavior is nuanced and complex, and no matt...<i>Human behavior is nuanced and complex, and no matter how robust it is, data can provide only part of the story. Desire and motivation are influenced by psychological, social, and cultural factors that require context and conversation in order to decode.</i><br /><br />How silly. That sounds like those wacky Austrians. Everyone knows that Samuelson proved that "scientists" can predict human behavior exactly like physics using math formulae. Unpredictable humans. What a crank idea.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.com