Examlex
Inaccurate prediction generally invalidates the use of theory in economics.
Empirically-Based Knowledge
Information or data obtained through observation, experimentation, or experience, rather than theory or pure logic.
Observed Actions
Actions or behaviors that are seen and noted by others, typically used as data in research or study.
Intuition
The ability to understand or know something immediately, without the need for conscious reasoning.
Sociohistorical Context
The combination of social and historical circumstances that influence and give meaning to an individual's experiences, behaviors, and societal structures.
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