Physics And Economics Can Live Together In Harmony

Physics And Economics Can Live Together In Harmony
economics-memes, physics-memes, models-memes, rationality-memes, alice-memes | ScienceHumor.io

Economists already treat humans like perfectly rational, frictionless spheres in a vacuum! The Alice in Wonderland confusion here is perfect—economists build elaborate mathematical models where people behave with perfect logic and complete information, while real humans are over here panic-buying toilet paper and spending their rent money on NFTs of digital monkeys.

Imagine the economic equivalent of Schrödinger's cat: a consumer simultaneously rational and irrational until observed by the Federal Reserve. Or perhaps we need Heisenberg's Uncertainty Principle of Economics—the more precisely you measure someone's spending habits, the less you understand why they bought that ridiculous hat.

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