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  1. #1
    Sepmre is offline Member
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    Red face hold in practice

    What this mean regarding to the phrase below:

    This assumptions does not hold in practice.


    Thanks
    Last edited by Sepmre; 10-Jun-2013 at 09:36.

  2. #2
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    Default Re: hold in practice

    It means little to me. Have you more context?

  3. #3
    Sepmre is offline Member
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    Default Re: hold in practice

    Here is more context:

    In standard economic discourse, it assumed that information is available freely. However this assumption does not hold in practice as information gathering and supply is a costly process.

  4. #4
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    Default Re: hold in practice

    Quote Originally Posted by Sepmre View Post
    However this assumption does not hold in practice as information gathering and supply is a costly process.
    This assumption, fine in theory, turns out to be false in real life as ...

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