About 40% of economics experiments fail replication survey (2016)

Re:About 40% of economics experiments fail replication surve... by nopinsight on Monday September 17, 2018 @10:00AM (#18005971)

Your general point that economics models greatly simplify the real economy is a good one. However, the field has made significant advances to introduce real-world constraints into the models.

Example of a subfield addressing your 3): https://en.m.wikipedia.org/wiki/Information_economics

I believe 2) is addressed as well but I am not a professional economist so maybe someone can help edify us.

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Re:About 40% of economics experiments fail replication surve... by candiodari on Monday September 17, 2018 @03:50PM (#18009363)

Even if there are a few game theoretic games in advanced papers that have limited information it would be a rather large stretch to say that economics incorporates limited information at this point in time. Maybe it's coming, I don't know ... It's not going to be soon.

A similar problem exists for 2. Yes I can find a paper or two, or probably even more that talk about it, but they don't exactly have a wide following because it just makes things too hard.

Incorporating both ? Can't even find a paper on it.

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