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Econometric reduction theory provides a comprehensive probabilistic framework for the analysis and classification of the reductions (simplifications) associated with empirical econometric models. However, the available approaches to econometric reduction theory are unable to satisfactory...
Persistent link: https://www.econbiz.de/10005417135
The reduction theory of David F. Hendry provides a comprehensive probabilistic framework for the analysis and classification of the reductions associated with empirical econometric models. However, it is unable to provide an analysis on the sameunderlying probability space of the first reduction...
Persistent link: https://www.econbiz.de/10005008632
The reduction theory of David F. Hendry provides a comprehensive probabilistic framework for the analysis and classification of the reductions associated with empirical econometric models. However, it is unable to provide an analysis on the same underlying probability space of the first...
Persistent link: https://www.econbiz.de/10004984826
Persistent link: https://www.econbiz.de/10014481330
Persistent link: https://www.econbiz.de/10012421138
Causal inference in the empirical sciences is based on counterfactuals. This paper presents the counterfactual account of causation in terms of Lewis's possible-world semantics, and reformulates the statistical potential outcome framework and its underlying assumptions using counterfactual...
Persistent link: https://www.econbiz.de/10010262562
Popper’s (1967) ’piecemeal social change’ is an approach manifesting itself in science as critical and emancipatory (C&E) research. It is concerned with incrementally removing manifested inequalities to achieve a ’better’ world. Although design science research in information systems...
Persistent link: https://www.econbiz.de/10011259792
In his Essays of theodicy, Gottfried Wilhelm von Leibniz presents an exciting theory according to which there is a multitude of possible worlds. What would appear to Descartes, from the standpoint of hyperbolic doubt, as something meaningless, just because it is probably, for the philosopher...
Persistent link: https://www.econbiz.de/10010838627
Persistent link: https://www.econbiz.de/10014308622
Using language game notions and the equivalence between games, this document studies John Nash’s decision of not playing the coalitional game proposed by John von Neumann. The key point is that Nash suggested hypothetical worlds that are incompatible with the kind proposed by von Neumann. And,...
Persistent link: https://www.econbiz.de/10005697811