jonny,
@jonny@neuromatch.social avatar
jonny,
@jonny@neuromatch.social avatar

Economics is a discipline where its only a matter of mild concern to just excel autocomplete your data until the GDP of New Zealand is Tuesday

otheorange_tag,
@otheorange_tag@mstdn.social avatar

@jonny I KNEW it!

_chris_real,
@_chris_real@kolektiva.social avatar

@jonny

Economics is astrology for the rich.

This will explain all, in this matter of mild concern.

publius,
@publius@mastodon.sdf.org avatar

@_chris_real @jonny

I've been known to say that economists serve the same function in the modern world that soothsayers did in the ancient world, giving a veneer of divine sanction to the arbitrary choices of the powerful.

knowuh,
@knowuh@mastodon.social avatar

@publius @_chris_real @jonny

The one profession meteorologist can poke fun at.

c0dec0dec0de,
@c0dec0dec0de@hachyderm.io avatar

@knowuh hey now, meteorology involves multiple computer models and has a reasonable track record of being good about stating their confidence intervals. Economists now… @publius @_chris_real @jonny

_chris_real,
@_chris_real@kolektiva.social avatar

@publius @jonny

Exactly the same difference!
😉
I couldn't agree more

MattMerk,
@MattMerk@mastodon.social avatar

@_chris_real @publius @jonny Related:

“The stock market is a mood ring for rich people.” - unknown

MaiKueper,
@MaiKueper@mastodon.social avatar
cakeisnotalie,

@MaiKueper @MattMerk @publius @jonny @_chris_real Rich People Feelings Graph.

WhyNotZoidberg,
@WhyNotZoidberg@topspicy.social avatar

@jonny Thank you for not calling it a Science.

There is no Nobel price for economy for a reason: It is a belief system, not a science.
(The price given out every year is by the Bank Of Sweden "In The Memory Of Alfred Nobel", not by the actual Nobel Foundation)

martenson,

@WhyNotZoidberg Wiki says it is sponsored by the bank and introduced later but administered by the same foundation as the other prizes.

WhyNotZoidberg, (edited )
@WhyNotZoidberg@topspicy.social avatar

@martenson huh, that seems... stupid. The reason Alfred Nobel didn't create a price for economics was just that, it was not a science. But oh well, the point still stands. It is not a Nobel price, hence why it is named "National price in economics in memory of Alfred Nobel, it is not listed as an official Nobel price.

johannes_lehmann,
@johannes_lehmann@fediscience.org avatar

@WhyNotZoidberg @martenson
There are Nobel prices for Literature and Peace - two decidedly non-Science subjects. Alfred Nobel intended the prices for whoever conferred the "greatest benefit on mankind". During Nobel’s lifetime the academic landscape looked very different - economics is a (social) science, but the underlying statistics were still a young discipline when Nobel was alive. To claim that Nobel didn’t create a prize for economics because he didn’t consider it a science seems absurd.

WhyNotZoidberg,
@WhyNotZoidberg@topspicy.social avatar

@johannes_lehmann @martenson no, it's not absurd. Economy is a belief system not a social science, you can tell by the way it collapses as soon as rich people stop believing in it. Plus the weirdness of the theories awarded over the years, like it's normal to only pick your mate by if she's rich or not....

ddlyh,
@ddlyh@topspicy.social avatar

@WhyNotZoidberg
Slight disagree here in that, as physics is scientific study of the real world, economics is scientific study of an imaginary system. It's science in that they take it as seriously as real science. It just bears no semblance to reality...
@jonny

jonny,
@jonny@neuromatch.social avatar

Wow apparently "shredding on the economists" is a deep point of unity for the fedi

tdverstynen,
@tdverstynen@neuromatch.social avatar

@jonny Is economics the new social psychology?

jonny,
@jonny@neuromatch.social avatar

@tdverstynen MVP of most hated discipline has got to be the overlap, the "grit" and "growth mindset" research that blames people for structural failings and tells u to just work harder lmao

vaurora,
@vaurora@wandering.shop avatar

@jonny I super enjoyed all the bits of “capital in the 21st” that were ragging on American economists as flunkies for power 🎯

veronica,
@veronica@mastodon.online avatar

@vaurora I need to get around to reading it. I bought it a while back.

zrb,
@zrb@astrodon.social avatar

@jonny fuck all my homies hate

realn2s, (edited )

@jonny
Economics is the only "science" where the data is regularly adjusted to the model.

If you have a theory and following the theory didn't lead to the promised result you either applied it wrong or not enough.. the theory can't be wrong

AFAIK this is a core trait of the Austrian method and the Chicago school and therefore the foundation of today's Neoliberalism

yak,

@realn2s
>>economics is the only "science" where the data is regularly adjusted to the model.

I really wish that were true!
@jonny

realn2s,

@yak @jonny
You mean that it happens in other sciences as well?

For data falsification in an individual level I agree. But for the "science" as a whole, i think nothing compares to economy

scheidegger,
@scheidegger@mastodon.social avatar
zl2tod,
@zl2tod@mastodon.online avatar

@jonny
Seems fair.
For decades New Zealand's best economic model was an analogue hydraulic computer.

https://www.engineeringnz.org/programmes/heritage/heritage-records/moniac-and-bill-phillips/

jonny,
@jonny@neuromatch.social avatar

@zl2tod
I LOVE ANALOG COMPUTING thank you for sharing

joborg,
@joborg@mastodon.social avatar

@jonny Plot twist: "Jönköping University" is not an accredited university. But Swedish law only bars them from using the Swedish term "universitet", not the equivalent word in other languages.

jonny,
@jonny@neuromatch.social avatar

@joborg you're kidding me

phiofx,

@jonny its wasn't me who did it. It was the invisible hand of the markets

MattFerrel,
@MattFerrel@mastodon.sdf.org avatar

@jonny this is not dissuading me from the idea that economics is ideology masquerading as a science

mistersql,
@mistersql@mastodon.social avatar

@jonny Y'all think it took LLMs to get people to ask the machines to just make stuff up.

violetmadder,
@violetmadder@kolektiva.social avatar

@mistersql @jonny

If people think THIS kind of outrageous bullshit is reasonable, you can BET they're going to automatically treat the "AI" wordsalad generators as magical fountains of truth. Without even stopping to think twice.

guacamayan,
@guacamayan@journa.host avatar

@violetmadder @mistersql @jonny did you notice the final comment?

https://retractionwatch.com/2024/02/05/no-data-no-problem-undisclosed-tinkering-in-excel-behind-economics-paper/#comment-2212839

"Wouldn’t it have been better for the author to use modern GPT for this procedure instead of Excel?"

violetmadder,
@violetmadder@kolektiva.social avatar
jcolomb,

@guacamayan @violetmadder @mistersql @jonny

as long as the answer is no, one can ask the question I suppose.

🤦‍♂️

AubreyDeLosDestinos,
@AubreyDeLosDestinos@101010.pl avatar

@jcolomb @guacamayan @violetmadder @mistersql @jonny, it implies a certain mindset, though.

guacamayan,
@guacamayan@journa.host avatar

@AubreyDeLosDestinos @jcolomb @violetmadder @mistersql @jonny if you read it, the person is asking in good faith, it's just that they think that interpolation or imputation might be better from a LLM than from Excel. It shows a deep confusion about several things. I'm imagining someone who needs llama pee for an experiment and can't get any, who just gets some sewer water instead.

AubreyDeLosDestinos,
@AubreyDeLosDestinos@101010.pl avatar
violetmadder,
@violetmadder@kolektiva.social avatar

@AubreyDeLosDestinos @guacamayan @jcolomb @mistersql @jonny

I mean, It's one thing to do projection or interpolation by conscientiously building a mathematical model whose functions you understand and disclose.

It's quite another to ask an LLM, "What's a vaguely plausible piece of garbage to dump in this hole, based on random shit digested from millions of unverifiable sources that may or may not have already been getting digested and regurgitated by LLM wordsalad circlejerks in the boiling cauldrons of hell's unstoppable spam?"

timClicks,
@timClicks@mastodon.nz avatar

@jonny Keep reading

jonny,
@jonny@neuromatch.social avatar

@timClicks
U better believe I read the whole thing the first time and in the subsequent one hundred times people have said this!

timClicks,
@timClicks@mastodon.nz avatar

@jonny Sorry for yet another notification 😅

feline17ff,

The article says it was published in a peer-reviewed journal, doesn't that mean those peers should have checked this before publishing?! I thought that was the definition of the term?

jonny,
@jonny@neuromatch.social avatar

@feline17ff
Surprise! Traditional peer review doesnt work

numeredevs,
@numeredevs@fosstodon.org avatar

@jonny garbage in garbage out 😂

zrb,
@zrb@astrodon.social avatar

@jonny
"Interpolator? I hardly know 'er!"

  • the paper's authors, probably
dbs,
@dbs@code4lib.social avatar

@jonny So they just need to issue a correction note to include that missing part of the methodology and they're good, right? 😖

CerstinMahlow,
@CerstinMahlow@mastodon.acm.org avatar

@jonny It's an extreme variant of “using synthetic data from AI in research.” Thanks for the example, it’s really scary

PeterSmith,
@PeterSmith@mathstodon.xyz avatar

@jonny And all this fudged data for a paper cited exactly once???

jonny,
@jonny@neuromatch.social avatar

@PeterSmith i know at least launch a career off of it

MolemanPeter,
@MolemanPeter@neuromatch.social avatar

@jonny That's called experimental statistics.

n3wjack,
@n3wjack@mastodon.social avatar

@jonny lol, it gets worse. Just read the article. OMG. They should strip his PhD and make him run through campus tarred and feathered. 😂

Shame Go T GIF

jospueyo,
@jospueyo@fosstodon.org avatar

@jonny I must say that this is quite the same than using fill() from {tidyr} in . The problem, IMHO, is not explaining this on the paper.

Sometimes, it makes sense filling missing values with neighbours. Sometimes.

jonny,
@jonny@neuromatch.social avatar

@jospueyo yes ofc transparent reporting is the main reason why these problems are possible, but that would also be super bad to do in this case but at least it would have the pretense of "lost in the sauce of code" vs. "i went through and manually filled them in by clicking and dragging"

jamesh,
@jamesh@aus.social avatar

@jonny On the bright side, the methodology is repeatable. I guess the new version would be to ask ChatGPT to fill in the missing values.

jonny,
@jonny@neuromatch.social avatar

@jamesh
Repeatable... depending on how you have sorted your view of the table

nilsskirnir,
@nilsskirnir@kolektiva.social avatar

@jonny

In some cases, uses the mean or random value is justified, as long as one notes it. However, there should also be a discussion about how this might make any assumptions difficult. I`d only ever use it for a process study, not published research. I.e. only use it to get an idea about parameters.
Just plugging it in and pretending is fraud.
https://www.datacamp.com/tutorial/techniques-to-handle-missing-data-values

jonny,
@jonny@neuromatch.social avatar

@nilsskirnir
I mean theres imputation as a statistical technique and then theres excel autocomplete based off the values of the two preceding cells, which is... not that

nilsskirnir,
@nilsskirnir@kolektiva.social avatar

@jonny And imputation must be noted and discussed.
I used to do cognitive sci and there was always missing data. A good part of the statistical methods was spent justifying how one filled it in. And it was always the part that the mentors would go on about.........to no end.

ids1024,
@ids1024@fosstodon.org avatar

@jonny "New Zealand’s data had been copied from the Netherlands"

Imagine a chemistry paper where they couldn't find data on a certain property of bismuth, so (without disclosing it in the paper) they used data about beryllium. Not because that's the closest element on the periodic table, or even anywhere near it, but because they're closest in alphabetical order.

jonny,
@jonny@neuromatch.social avatar

@ids1024
RIGHT. its a perfect example of the affordances of a tool dictating outcomes. "Need a value here, and the thing at hand is to click and drag from the neighboring cell, so..."

moira,
@moira@mastodon.murkworks.net avatar

@jonny there is not enough Bob's Burgers Oh My God for this.

NicoleCRust,
@NicoleCRust@neuromatch.social avatar

@jonny
WHAT WHAT??

jonny,
@jonny@neuromatch.social avatar

@NicoleCRust
They seemed to genuinely not know it was a bad idea to do that. Like they openly volunteered that was the method, and even demoed how to do it when this person asked. Usually im like "if you need to do imputation on something that isnt a well-behaved, oversampled timeseries then what you really need to do is change your analysis strategy" but this is like 5 levels beyond that

skarthik,
@skarthik@neuromatch.social avatar
rysiek,
@rysiek@mstdn.social avatar

@jonny the fsck

  • All
  • Subscribed
  • Moderated
  • Favorites
  • random
  • ngwrru68w68
  • DreamBathrooms
  • thenastyranch
  • magazineikmin
  • InstantRegret
  • Durango
  • Youngstown
  • everett
  • slotface
  • rosin
  • cubers
  • mdbf
  • kavyap
  • GTA5RPClips
  • JUstTest
  • cisconetworking
  • osvaldo12
  • ethstaker
  • Leos
  • khanakhh
  • normalnudes
  • tester
  • modclub
  • tacticalgear
  • megavids
  • provamag3
  • anitta
  • lostlight
  • All magazines