Steve, human behavior is not a fluid so Lorenz is challenging. Math has axioms, which conventional economists -- coming out of math departments principally -- presume makes it intellectually okay to make simplifying assumptions in economics. As you correctly show, it's does not.
Much more with Anderson: Not going to understand totality of the human behavior by sampling data points for confidence. Polling, focus groups, surveying, 'research': Done them all in business. Bulls**t.
Steve, human behavior is not a fluid so Lorenz is challenging. Math has axioms, which conventional economists -- coming out of math departments principally -- presume makes it intellectually okay to make simplifying assumptions in economics. As you correctly show, it's does not.
Much more with Anderson: Not going to understand totality of the human behavior by sampling data points for confidence. Polling, focus groups, surveying, 'research': Done them all in business. Bulls**t.