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Math Stats

How Often Do Economists Commit Misconduct? 305

schwit1 (797399) writes A survey of professional academic economists finds that a large percentage are quite willing to cheat or fake data to get the results they want. From the paper's abstract: "This study reports the results of a survey of professional, mostly academic economists about their research norms and scientific misbehavior. Behavior such as data fabrication or plagiarism are (almost) unanimously rejected and admitted by less than 4% of participants. Research practices that are often considered 'questionable,' e.g., strategic behavior while analyzing results or in the publication process, are rejected by at least 60%. Despite their low justifiability, these behaviors are widespread. Ninety-four percent report having engaged in at least one unaccepted research practice."

That less than 4% engage in "data fabrication or plagiarism" might seem low, but it is a terrible statistic . ... 40% admit to doing what they agree are "questionable" research practices, while 94% admit to committing "at least one unaccepted research practice." In other words, almost none of these academic economists can be trusted in the slightest. As the paper notes, "these behaviors are widespread.""
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How Often Do Economists Commit Misconduct?

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  • hmmm (Score:5, Funny)

    by Charliemopps ( 1157495 ) on Monday June 30, 2014 @10:34PM (#47356463)

    I'll just leave this here...


    Some indexes are more fun than others. MonkeyDex is the first index of Internet stocks picked by a monkey. When it was created in January 1999, Raven, a 6-year-old female monkey, tossed darts at a dartboard plastered with the names of 133 Internet-related stocks. This year the board carried 281 company names.

    Raven, who has her own Web site, showed up many of Wall Street's finest minds with a 213 percent gain for 1999. Had Raven been employed at a Wall Street mutual fund, her performance would rank her as the 22nd best money manager in the country, outperforming more than 6,000 Wall Street pros, according to the Internet Stock Review, creators of the MonkeyDex.

    "It's all in the wrist action," Raven is reported to have said.

  • Economists (Score:5, Funny)

    by Bodhammer ( 559311 ) on Monday June 30, 2014 @11:10PM (#47356679)
    A civil engineer, a chemist and an economist are traveling in the countryside. Weary, they stop at a small country inn. "I only have two rooms, so one of you will have to sleep in the barn," the innkeeper says. The civil engineer volunteers to sleep in the barn, goes outside, and the others go to bed. In a short time they're awakened by a knock. It's the engineer, who says, "There's a cow in that barn. I'm a Hindu, and it would offend my beliefs to sleep next to a sacred animal." The chemist says that, OK, he'll sleep in the barn. The others go back to bed, but soon are awakened by another knock. It's the chemist who says, "There's a pig in that barn. I'm Jewish, and cannot sleep next to an unclean animal." So the economist is sent to the barn. It's getting late, the others are very tired and soon fall asleep, Bu they're awakened by an even louder knocking. They open the door and are surprised by what they see: It's the cow and the pig!

Never tell people how to do things. Tell them WHAT to do and they will surprise you with their ingenuity. -- Gen. George S. Patton, Jr.