Board of Trustees Professor in Economics and Faculty Fellow at the Institute for Policy Research at Northwestern University National Academy of Sciences ~ British Academy ~ National Research Council ~ Econometric Society ~ American Academy of Arts and Sciences ~ American Association for the Advancement of Science ~ Distinguished Fellow, American Economics Association

28 August 2018

BLOOMBERG: Advice to Researchers: Admit What You Don’t Know

By Mark Buchanan
"Research in science or medicine or economics is most valuable when it is unbiased, with researchers honestly reporting the limitations of their results. It’s a lot less valuable if it exaggerates what’s known, claiming excessive certainty or precision, in an effort to win an argument. That happens a lot, of course — researchers are only human. But where does the problem occur most? For more than a decade, economist Charles Manski of Northwestern University been studying the issue, which he refers to as the “Lure of Incredible Certitude.” In a recent article, he suggests that it’s most prevalent in his own profession, economics."

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