Economists' Hubris: The Case of Asset Pricing
Economists’ Hubris: The Case of Asset Pricing ArXiv ID: ssrn-1469462 “View on arXiv” Authors: Unknown Abstract This is the second in a series of articles that examines the practical applications of economic thought. Its focus is on the most fundamental aspects of finance Keywords: economic thought, fundamental finance, practical applications, Macro/Fixed Income Complexity vs Empirical Score Math Complexity: 2.0/10 Empirical Rigor: 1.0/10 Quadrant: Philosophers Why: The paper appears to be a conceptual critique of economic theory in finance, with minimal mathematical formulation or data analysis, focusing instead on theoretical and philosophical arguments. flowchart TD A["Research Goal: Analyze<br>Economists' Hubris"] --> B{"Methodology: Testing<br>Empirical Asset Pricing Models"} B --> C["Input: Asset Price Data<br>Macroeconomic Indicators"] C --> D["Process: Statistical Analysis<br>Model Comparison"] D --> E{"Key Finding: Significant<br>Forecast Errors Identified"} E --> F["Outcome: Limited Practical<br>Application of Economic Theory"]