it mostly doesnt work and i hate it we dont talk about that here
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there are actually some good phds that do this via a few small consulting firms although mostly it’s IO for large internet companies great stuff i have a few friends there
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also uber/lyft work w economists to do some cool work and i know there’s some great work in the pipeline they collect *way* more data about rides than people realize
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this reminds me of one of the funniest refutations of the Austrians / praxeology peeps: that conventional econ has passed the market test because private industry employs it
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one of my professors who was previously managing partner of the mckinsey washington office commented "the core of marketing is just calculating price elasticities but for some reason that's not what our marketing department bothers to teach you"
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