Quote by Martin Feldstein

A second reason why science cannot replace judgement is the behavior of financial markets.

A second reason why science cannot replace judgement is the

Summary

This quote suggests that science alone cannot replace the need for human judgement when it comes to financial markets. Financial markets are often unpredictable and influenced by various factors, such as human sentiment and market psychology. These factors cannot be fully understood or predicted by scientific analysis alone. Therefore, it is necessary for individuals with expertise and judgement in finance to navigate and make informed decisions in these complex and volatile markets.

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By Martin Feldstein

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