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Subject:
HES: Re: QUERY -- Observable vs unobservable economic variables
From:
[log in to unmask] (Michael Perelman)
Date:
Fri Mar 31 17:18:44 2006
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The difference is not as extreme as it might seem to be.  Remember Morgenstern's  
Accuracy of Economic Observations?  You can replicate a price index, but it is not  
really an observable object, but one artifically constructed with many subjective  
factors. 
 
Michael Perelman 
 
 

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