Simplicity, Inference and Modelling - Keeping it Sophisticatedly Simple (Hardcover)

The idea that simplicity matters in science is as old as science itself, with the much cited example of Ockham's Razor. 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 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?

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	February 2002
First published:	2001
Editors:	Arnold Zellner • Hugo A. Keuzenkamp • Michael McAleer
Dimensions:	229 x 152 x 22mm (L x W x T)
Format:	Hardcover
Pages:	314
ISBN-13:	978-0-521-80361-8
Categories:	Books > Business & Economics > Economics > Econometrics > Economic statistics
LSN:	0-521-80361-6
Barcode:	9780521803618

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