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 <p>What if you can come up with an explanation a 5th grade student can understand to a certain area of research that has managed to snatch 2 Nobel prizes! That is the important of this little article from one of my favorite places on the internet, Mises Institute.&nbsp;</p><h3>It Says More About Experts and Nobel Prize</h3><p>The solution itself is such a simple one that most people would consider common sense. It explains everything at much ease without going into anything fancy or relying on technical jargon of pop psychologists and spreadsheet economists.&nbsp;</p><blockquote><p>Yet the "data" don’t show this: they show only two data points "worth" ten thousand dollars each. So the i<strong>nductive researcher can point to the data and label it a new type of previously unobserved bias</strong>, get published in highly regarded journals (and perhaps win a prize or two), and make a great career out of it. All it takes is a disregard of theory and to let the data "speak" for itself.</p><p><strong>Existing theory, and the explanations already at hand, creates no careers. It offers only truth.&nbsp;</strong></p></blockquote>  

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