As an MBA I've always been curious what PhD students do, so I decided to sit in on one of your classes. The experience has convinced me your degree is a total joke.
The professor started by writing a bunch of Greek letters on the board. Form my frat days, I recognized that he wrote one alpha and a lot of betas, which I found amusingly appropriate, seeing as how I'm an alpha male and everyone else in the room was obviously beta.
Next he started talking about a dataset about which are important to car customers. I raised my hand and asked who were the CEOs of the major auto companies at the time of the case.
He said he didn't know.
Dumbfounded, I asked how he could teach us about the auto industry without even knowing who was running the companies.
He got annoyed and said his expertise is method logical, not focused on any particular industry, or some bulls**t like that. I decided to let it slide.
As he droned on, I started thinking about how I had gone out drinking the night before and the hot chicks my buddy and I had almost scored. That's what an MBA is all about -- having awesome experiences with other future CEOs, not sitting around with your nose in a book all day.
When I finally started paying attention again, the professor was saying something about the method of the moment. I decided that was the moment for me to drop that class faster than girls drop their panties when they come to my apartment.
I wanted to put those nerds in their place before I left, so I stood up and said loud enough for everyone in the room to hear, "Any approach that claims to recover the distribution of individual utility parameters from aggregate data based on arbitrary distributional and functional form assumptions is dubious at best," and walked right out the door.