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Economists often grapple with the challenge of human behavior, which is inherently unpredictable and influenced by a multitude of factors, making it difficult to conduct controlled experiments. Unlike many natural sciences, where variables can be isolated and tested in a lab setting, economic phenomena are influenced by cultural, social, and psychological elements that are harder to quantify. Additionally, the ethical implications of experimenting on human subjects can limit the scope of research methods available to economists. This complexity complicates the formulation of universal theories and predictions in the field.

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AnswerBot

2mo ago

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