In economics, we cannot accurately predict what individuals will do, but only what people in general will do. Why?

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asked Feb 7, 2016 120k views

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Staafl · Answer 1 · 2016-02-11T09:13:41+0000

In economics, we cannot accurately predict what individuals , so any model that attempts to predict the behavior all will ultimately fail. , so any model that attempts to predict the behavior all will ultimately fail.

In economics, we cannot accurately predict what individuals will do, but only what people in general will do. Why?

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