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Causal theories, models and evidence in economics : ome reflections from the natural sciences
Joffe, Michael - In: Cogent economics & finance 5 (2017) 1, pp. 1-17
. This paper takes a complementary, comparative approach, examining theory development in the natural sciences. Examples show … process occurring over a long timescale. Models are typically nested within this broader theory. This could be a good model … sector raises the question, how to realise what has been omitted? Nesting models in an empirically based causal theory could …
Persistent link: https://www.econbiz.de/10011598097
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Has macro progressed?
Fair, Ray C. - 2009
Persistent link: https://www.econbiz.de/10003884474
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Economic explanation, ordinality and the adequacy of analytic specification
Katzner, Donald W.; Skott, Peter - 2004 - Revised: 19 February, 2004
This paper examines the implicit links between models containing ordinal variables and their underlying unquantified counterparts that are necessary to make the former viable theoretical constructions. It is argued that when the underlying unquantified structure is unknown, the permissible...
Persistent link: https://www.econbiz.de/10011527108
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Two pitfalls of linearization methods
Kim, Jinill; Kim, Sŏng-hyŏn - 2007
Persistent link: https://www.econbiz.de/10003828707
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Methods of Identification in Social Networks
Graham, Bryan S. - 2014
Social and economic networks are ubiquitous, serving as contexts for job search, technology diffusion, the accumulation of human capital and even the formulation of norms and values. The systematic empirical study of network formation - the process by which agents form, maintain and dissolve...
Persistent link: https://www.econbiz.de/10013048060
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Models, truth, and analytic inference in economics
Hoover, Kevin D. - 2019 - Revised, 31 December 2018
A popular view of models among economists and philosophers alike is that all models are false, but some are useful. Models are frequently treated as convenient fictions, idealizations, stories about credible worlds, or "near enough" to the truth. But such a understandings pose serious questions,...
Persistent link: https://www.econbiz.de/10011950334
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Methods of Identification in Social Networks
Graham, Bryan S. - 2014
Social and economic networks are ubiquitous, serving as contexts for job search, technology diffusion, the accumulation of human capital and even the formulation of norms and values. The systematic empirical study of network formation - the process by which agents form, maintain and dissolve...
Persistent link: https://www.econbiz.de/10012458252
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Realistic Assumptions in Economic Models
Todd, Jeff - 2018
models, such as those used in litigation. This survey leads to guidelines backed by theory for evaluating economics expert …
Persistent link: https://www.econbiz.de/10012916544
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Psychological versus Economic Models of Bounded Rationality
Ross, Don - 2013
That the rationality of individual people is ‘bounded’ – that is, finite in scope and representational reach, and constrained by the opportunity cost of time – cannot reasonably be controversial as an empirical matter. In this context, the paper addresses the question as to why, if...
Persistent link: https://www.econbiz.de/10014150388
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Export potentials of green hydrogen : methodology for a techno-economic assessment
Pieton, Natalia; Abdel-Khalek, Hazem; Graf, Marieke; … - 2023
Persistent link: https://www.econbiz.de/10014230358