[ExI] Psychology of markets explanations

Damien Broderick thespike at satx.rr.com
Mon Jun 1 21:21:00 UTC 2009

At 12:19 PM 6/1/2009 -0700, Dan wrote:

>This is how laws work in economics.  And they don't, as I've said 
>before, have predictive value in the same way, say, chemical laws do 
>-- because there are no constant relations in human action -- at 
>least, none we know of.

Unless it's the phases of the moons of Saturn that control these 
human action variables, I'd guess that you're pointing directly to 
what Stathis and BillK and I mean by "psychological" components of 
economic behavior. Whew! Glad that's resolved.

Damien Broderick

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