If Mark Kimura develops an economic theory, but cannot observe the predicted behavior during lab experiments, he should
A) ignore the results and stick with his idea
B) rethink the validity of the theory
C) keep running the lab experiments and hope for different resutls

Question

Quizplus · Accepted Answer

If Mark Kimura's theory cannot be observed during lab experiments, it suggests that there may be flaws in the theory itself. Therefore, he should reconsider the validity of the theory and refine or adjust it accordingly. Simply ignoring the results or continuing to run the same experiments in the hope of different outcomes may not lead to accurate predictions and could hinder the progress of economic research.

If Mark Kimura Develops an Economic Theory, but Cannot Observe