Economists set option prices. That is literally trying to predict the future.
Edit: To be fair, I shouldn’t say “economists” in general. There are plenty of good economists out there that understand that economics is not a predictive science, I know a couple personally. But there are definitely some economists out there that think their degree lets them predict the unpredictable.
Economists set option prices. That is literally trying to predict the future.
Edit: To be fair, I shouldn’t say “economists” in general. There are plenty of good economists out there that understand that economics is not a predictive science, I know a couple personally. But there are definitely some economists out there that think their degree lets them predict the unpredictable.