Econ Sept 11
Published on Nov 18, 2015
No Description
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PRESENTATION OUTLINE
People have a thing for quantifying data (facts)
Makes us feel better about making decisions
Photo by puntxote
We're also into making value based decisions
Things that make sense to us but can't factually prove
Photo by TheAlieness GiselaGiardino²³
This forecast can be refuted or confirmed
look at previous data or how they decided to make that decision
Photo by Michael Batfish
Price of macaroon graph
Photo by Canon S3 IS in Paris, France
What if I was selling ice cream
Put temperature on the Y axis, how do you think the graph would look?
Photo by Ari Helminen
These statements can't be confirmed or refuted just by looking at numbers.
GOvernments, firms, groups
often make decisions based on value judgments (normative)
Photo by Felix_Nine
"the government should charge less tax"
someone's opinion, reflecting their values
Photo by Kevin Krejci
So i said this was a social science
well... people really like to quantify stuff whenever possible
Photo by eriwst
Review figure 1.8
Science...
pg 14 questions 1,2,3,5
Photo by Leo Reynolds
