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Econometricians tend to hold simultaneously two views in tension with each other: an apparent anti-realism that holds that all models are false and at best useful constructs or approximations to true models and an apparent realism that models are to be judged by their success at capturing an...
Persistent link: https://www.econbiz.de/10014187465
Trygve Haavelmo's The Probability Approach in Econometrics (1944) has been widely regarded as the foundation document … of modern econometrics. Nevertheless, its significance has been interpreted in widely different ways. Some modern … theory and data. Others credit Haavelmo with an approach that focuses on statistical adequacy rather than theoretical …
Persistent link: https://www.econbiz.de/10011708115
mathematics led to discovering a double epistemological rupture in developing economic theory. The first, in the mid nineteenth …
Persistent link: https://www.econbiz.de/10012776312
science discipline. On the the whole, there is no doubt surrounding the value of empirical endeavours in econometrics to …
Persistent link: https://www.econbiz.de/10011847792
The paper begins with a figurative representation of the contrast between present-day and formal applied econometrics …. An explication of the status of bridge principles in applied econometrics follows. To illustrate the concepts used in the … prescriptions of formal econometrics in the tradition of Ragnar Frisch with the commands of present-day econometrics in the …
Persistent link: https://www.econbiz.de/10011650121
Infiltration of machine learning (ML) methods into econometrics has remained relatively slow, compared with their …
Persistent link: https://www.econbiz.de/10013294508
This article poses a new methodology applying the statistical analysis to the economic literature. This analysis has never been used in the history of economic thought, albeit it may open up new possibilities and provide us with further explanations so as to reconsider theoretical issues. With...
Persistent link: https://www.econbiz.de/10011293521
The welcome rise of replication tests in economics has not been accompanied by a single, clear definition of replication. A discrepant replication, in current usage of the term, can signal anything from an unremarkable disagreement over methods to scientific incompetence or misconduct. This...
Persistent link: https://www.econbiz.de/10010513464
methodological characteristics of Austrian economics: Austrian action theory and interpretative understanding, a relatively …
Persistent link: https://www.econbiz.de/10012698010
science discipline. On the whole, there is no doubt surrounding the value of empirical endeavours in econometrics to address …
Persistent link: https://www.econbiz.de/10014113834