Comment Re:Limited Use (Score 1) 178
I know that some economists have, over the past decade or so, started performing little experiments, in the hope that this would lend more empirical credibility to their field. Of course, the main problem is scale, since getting a few million people to participate in an experiment is just a tad inconvenient. It seems that some researchers expect to overcome the problem of experimental scale by turning an eye towards already existing, large-ish, and confined economies (i.e. MMOs), although this endeavor is faced with far too many problems to be taken seriously. Which is why it seems desperate.
This self-consciousness if, of course, thrown into high gear given the utter failure of economics (qua predictive science) that we're all quite familiar with at this point.