notices - See details
Notices
UI
Ufuk Ince (not verified)
22nd September 2020 | 3:12am

Physical hard sciences like astronomy or geology are contradicted by empirical observation all the time and do not consider revising their theories. Billions of people today live and behave according to blatantly false views of the universe. Bible followers insist on a universe 6,000 years old. Muslims arrange their affairs for the physical conditions of temperate regions of the world and have no solution for people that live in Nordic regions. Fasting (one of the 5 core Islamic pillars) is impossible on the North Pole. Similarly, deviations from finance/econ models are often the result of humans insisting on behaving irrationally even when alerted to the harms of doing so. It is a bit unfair to expect models and theories to be revised to fit empirical irrationality in finance/econ when physical sciences would never be asked to align themselves with religious dogma.