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Cambridge University Press Simplicity, Inference and Modelling: Keeping it Sophisticatedly Simple

Name: Simplicity, Inference and Modelling: Keeping it Sophisticatedly Simple
Brand: Cambridge University Press
Price: 41.37 GBP
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Econometrics

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Description

The idea that simplicity matters in science is as old as science itself, with the much cited example of Ockham's Razor, 'entia non sunt multiplicanda praeter necessitatem': entities are not to be multiplied beyond necessity. A problem with Ockham's razor is that nearly everybody seems to accept it, but few are able to define its exact meaning and to make it operational in a non-arbitrary way. Using a multidisciplinary perspective including philosophers, mathematicians, econometricians and economists, this 2002 monograph examines simplicity by asking six questions: what is meant by simplicity? How is simplicity measured? Is there an optimum trade-off between simplicity and goodness-of-fit? What is the relation between simplicity and empirical modelling? What is the relation between simplicity and prediction? What is the connection between simplicity and convenience? The book concludes with reflections on simplicity by Nobel Laureates in Economics.

Product Specifications

Brand: Cambridge University Press
Format: paperback
ASIN: 0521121353
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 15 September 2009
Listed Since: 22 June 2009

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Cambridge University Press Simplicity, Inference and Modelling: Keeping it Sophisticatedly Simple

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