b. Economists at least like to think that the discipline follows Popperian scientific methods Stylized Facts Hypothesis Formation Testing Hypotheses Remember that Popper would tell you that hypotheses can only be proven false empirically, not proven true. This should keep us humble C. Hypothesis Formation- The Theory Step of this Process-In Economics this means using the language of Mathematics to formalize one's assumptions Why is this so valuable? Some critics of economics say that our models are too simplistic. We leave too many things outb. Economists at least like to think that the discipline follows Popperian scientific methods Stylized Facts -> Hypothesis Formation -> Testing Hypotheses Remember that Popper would tell you that hypotheses can only be proven false empirically, not proven true. This should keep us humble. c. Hypothesis Formation— The Theory Step of this Process—In Economics this means using the language of Mathematics to formalize one’s assumptions. Why is this so valuable? Some critics of economics say that our models are too simplistic. We leave too many things out