Again, you speak of aggregates not individual people. Individual people make the aggregates. Have you found any models that work each and every time they are applied to a situation? If you are using statistics, then you can categorically state that if A then B and be correct in every case.

Mmm, that's true but it's also true that people *do* behave in a way that can be mathematically modeled.  For example, when prices go down people tend to buy more of a good, which can be modeled mathematically as a demand function.


SimpleStacker

econ

Jeff Bezos’s Yacht: Driver of Economic Activity

Rothbardian_fanatic

I don’t think there is a human alive that would think in terms of a mathematical model before purchasing something or deciding priorities to satisfy needs and desires. OK, yes, there are certain “*market players*” that will use mathematical models and algorithms to buy and sell on the controlled stock markets and futures exchanges, I must admit.