Showing posts with label Econometrics. Show all posts
Showing posts with label Econometrics. Show all posts

Wednesday, April 8, 2009

What’s wrong with Econometrics?

To an econometrist there is no difference between 50 cellular phones costing $100 each and 5 rotary phones costing $1,000 each. Both are worth $5,000.

That’s what’s wrong with Econometrics.

Cheerio,

JR