Stylized facts
2007-12-12 · Original WordPress address
From McElreath and Boyd (2007), two evolutionary biologists somethings ((They're both in Antropology departments)):
This result ((The result he's talking about is the fact that even with very low amounts of migration (just one individual per generation), there won't be significant genetic variation between groups.)) is what economists call a "stylized fact," a conclusion that glosses over many complications, is held by no one to be an actual description of the world, but nevertheless tells us something valuable.
Heh.