Mathematics in Economics is a joke

[Anonymous No.12801239]

[Anonymous No.12801241]

correct

[Anonymous No.12801280]

>>12801239
Arithmetic is all the math you need for almost all economics and if you want to be pedantic, linear differential equations to study the cumulative effect of rates of change (compound interest and so on).

[Anonymous No.12801283]

My buddy got a masters in economics. The only math he even began to get a grip on was calc I & doing linear regressions.

Economics is a degree you can get put through with knowing absolutely nothing. The lectures are just a formality.

[Anonymous No.12801284]

>>12801280
Linear differential equations are also good as a brainlet filter despite minimal use IRL economics

[Anonymous No.12801287]

Why was this thread created?

[Anonymous No.12801289]

>>12801287
just so you could ask

[Anonymous No.12801296]

>>12801239
Haha

[Anonymous No.12801298]

>>12801289
What do we do now?

[Anonymous No.12801303]

>>12801287
To mock economists.
>I make product A
>You make product B
>Lets exchange
>Economist: I write a 3000 page thesis with triple integrals on what just happened

[Anonymous No.12801311]

>>12801303
An economist who is actually capable of evaluating multiple integrals is already a remarkable thing.

[Anonymous No.12801315]

>>12801298
we have sex

[Anonymous No.12801317]

>>12801303
Economists can write books that plunge nations into wars and famine, all mathematics has is Ted.

[Anonymous No.12802296]

bump to mock more

[Anonymous No.12802309]

based bump

[Anonymous No.12802326]

Econometrics is the funniest field I've ever heard of. Not only does it pretend to use math, it also pretends to use science.

[Anonymous No.12802498]

they only need to know a little more math than the average politician

[Anonymous No.12802543]

>>12801239
What are the difference between economics, finance and actuary?

[Anonymous No.12802547]

>>12802543
Actuaries know how to do statistics
Finance knows how to manage money
Economists know how to do neither.

[Anonymous No.12802562]

>>12801239
Yes it turns out 99% of the abstract bullshit mathematicians study is just that, bullshit designed to get papers to keep their cushy jobs. If you fed all their lemmas and theorems into an automated theorem prover you'd find 99.99% of it is proving the same shit over and over, sometimes but not always phrased differently.

[Anonymous No.12802566]

>>12802562
cope

[Anonymous No.12802585]

>>12802562
>If you follow the axioms to their logical consequences you find logical consequences

[Anonymous No.12802607]

>>12801303
Filtered

[Anonymous No.12802613]

>>12802607
I make product. You have a problem?

[Anonymous No.12802633]

>>12802547
I should have majored in finance.

[Anonymous No.12802639]

serious question

what major should i follow if i want to become a quant? Econometrics? Econs and Stats? Econs and Business Econs?

[Anonymous No.12802801]

>>12802562
>assume all players are highly competent and always acting in their rational self-interest
As axioms go, it's downright perverse. Might as well say that unwieldy or absurd fashions don't exist, which is more absurd than most of them are.

[Anonymous No.12803701]

>>12802639
Nothing econ, a general rule is the better the job in finance you want the less the degree should prepare you for finance. Also for quants you will need at least MSc or PhD.
Econometrics is good, pure math+stats is better, econ is worthless.

[Anonymous No.12803723]

>>12801239
A friend of mine who studies econ was impressed with me bc I knew multivariable calculus in highschool. Shits a joke.

[Anonymous No.12804489]

>>12801239
How do you know?

[Anonymous No.12804580]

>>12801239
>plotting lines on a graph
>"This is how humans act"