It’s standard econometric practice to assume (at the very least) an error term independent of the predictor variables. That error term can be a function of any number of unobserved factors. If unbiased human error were a major component in the variance of our actions, it would be picked up in this error term.
It’s standard econometric practice to assume (at the very least) an error term independent of the predictor variables. That error term can be a function of any number of unobserved factors. If unbiased human error were a major component in the variance of our actions, it would be picked up in this error term.
Are you thinking of something more specific?