[ExI] Inflation graph

[Anders Sandberg]

On 2013-11-30 00:36, Kelly Anderson wrote:
> On Fri, Nov 29, 2013 at 12:18 PM, John Clark <johnkclark at gmail.com 
> <mailto:johnkclark at gmail.com>> wrote:
>
>
>     So your theory can't make good predictions. A theory that can't
>     make good predictions is as useless as a sack full of dead rats in
>     a tampon factory.
>
>
> Isn't that pretty much the entire field of Economics? If you could 
> predict it, someone would make money off of that prediction, forcing 
> the prediction to not come true.

That is a bit of a misunderstanding: it only applies to efficient 
financial markets. Economics also predicts that if you lower the price 
of your lemonade, more people will tend to buy it.


-- 
Dr Anders Sandberg
Future of Humanity Institute
Oxford Martin School
Oxford University

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