this post was submitted on 12 Jun 2025
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Economists aren't trying to predict the future. That's a misconception that is done away with in the first few days of intro.
Economists set option prices. That is literally trying to predict the future.
Edit: To be fair, I shouldn't say "economists" in general. There are plenty of good economists out there that understand that economics is not a predictive science, I know a couple personally. But there are definitely some economists out there that think their degree lets them predict the unpredictable.