Economists believe that consumer choice theory is useless because of its lack of predictive ability

Question

Economists believe that consumer choice theory is useless because of its lack of predictive ability

Answer 1

is this meant to be like a true or false question? i would say that on the whole the theory has been criticized and certainly has its limitations, but that it still remains a fundamental part of mainstream economic thought and still has predictive power in certain contexts. it just depends on the specifics of what you are analyzing :)