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their potential implications for axiomatic decision theory …
Persistent link: https://www.econbiz.de/10012251204
Large language models (LLMs) have seen remarkable progress in speed, cost efficiency, accuracy, and the capacity to process larger amounts of text over the past year. This article is a practical guide to update economists on how to use these advancements in their research. The main innovations...
Persistent link: https://www.econbiz.de/10015145148
Lionel Robbins contributions are often discussed in terms of two main aspects. First, the delineation of the scope of economics in terms of decision making conditional on scarcity. Second, a more methodological concern with respect to scientific neutrality and the possibility of meaningful...
Persistent link: https://www.econbiz.de/10013316653
This article describes methods used in the field of spatial economics that combine insights from economic theory and …
Persistent link: https://www.econbiz.de/10013334493
In June of 2010, a special issue in the Journal of Economic Methodology was introduced with the question: “Neuroeconomics: hype or hope?” (Marchionni and Vromen, 2010). More than ten years later, it is time to provide an answer. Using a variety of sources ranging from Web of Science to...
Persistent link: https://www.econbiz.de/10014254900
This article argues that two early French theorists, Condillac (1714-1780) and Destutt de Tracy (1754-1836), were sophisticated deductivists in economics. The historical investigations of economic methodology recognize the deductivist tradition in classical economics and its continuation into...
Persistent link: https://www.econbiz.de/10014073806
Mathematics, like medieval Latin, is a medium of disputation in economics wherein those skillful in its use can subdue those who are not, independent of any substantive economic meaning. In so using mathematics, economics has shut itself off from much of the richness of economic activity that is...
Persistent link: https://www.econbiz.de/10014110471
This article discusses the problem of "thought experiments" in Austrian economics and takes as a starting point Lawrence Moss’ argument on the divide between the older Austrian economists - for whom thought experiments were crucial - and the new generation that, in Moss’ view, has...
Persistent link: https://www.econbiz.de/10014188288
only limited success in the US as a tool for doing empirical macroeconomics, where what might be called a "theory comes … such research methods. The US "theory comes first" approach fits much better with the journal publication metric …
Persistent link: https://www.econbiz.de/10003672225
This paper introduces the WebAI paradigm as a promising approach for innovation studies, business analytics, and informed policymaking. By leveraging artificial intelligence to systematically analyze organizational web data, WebAI techniques can extract insights into organizational behavior,...
Persistent link: https://www.econbiz.de/10015415304