Sunday, February 17, 2013

economists are cute

I love this footnote (number 6 in the pdf):
"That is to say that they do seem to have wide validity as normative criteria (for me, as well as for Savage); they are probably\footnote{I bet.} roughly accurate in predicting certain aspects of actual choice behavior in many situations and better yet in predicting reflective behavior in those situations."
I translate that as "As a careful scientist, I must point out that this statement is technically an opinion. Yet since I am willing to bet on its truth, you should rationally update your beliefs in the direction of accepting the statement as likely fact." All captured with a two-word footnote, and as if any of that were necessary to elaborate in the first place :)

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