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A New Hedonic Regression for Real Estate Prices Applied to the Singapore Residential Market

Jiang, Liang; Phillips, Peter C.B.; Yu, Jun - Cowles Foundation for Research in Economics, Yale University - 2014

the advantage of being computationally efficient. In an empirical analysis of the methodology, we fit the model to all …

Persistent link: https://www.econbiz.de/10011096429

Laws and Limits of Econometrics

Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 2003

We start by discussing some general weaknesses and limitations of the econometric approach. A template from sociology is used to formulate six laws that characterize mainstream activities of econometrics and the scientific limits of those activities, we discuss some proximity theorems that...

Persistent link: https://www.econbiz.de/10004990687

Automated Discovery in Econometrics

Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 2004

Our subject is the notion of automated discovery in econometrics. Advances in computer power, electronic communication, and data collection processes have all changed the way econometrics is conducted. These advances have helped to elevate the status of empirical research within the economics...

Persistent link: https://www.econbiz.de/10004990775

A Model of Modeling

Gilboa, Itzhak; Postlewaite, Andrew; Samuelson, Larry; … - Cowles Foundation for Research in Economics, Yale University - 2014

We propose a formal model of scientific modeling, geared to applications of decision theory and game theory. The model highlights the freedom that modelers have in conceptualizing social phenomena using general paradigms in these fields. It may shed some light on the distinctions between (i)...

Persistent link: https://www.econbiz.de/10010928978

Reflections on Econometric Methodology

Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 1988

General issues about the methodology of empirical econometric research are discussed. It is argued that the most … strengths and the weaknesses of a methodology and to codify what its prescriptions entail. The time series methodology of David … Hendry is considered in some detail. It is shown that the Hendry methodology comes remarkable close to achieving an optimal …

Persistent link: https://www.econbiz.de/10005762698