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

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	October 2009
First published:	August 2009
Editors:	Arnold Zellner • Hugo A. Keuzenkamp • Michael McAleer
Dimensions:	229 x 152 x 18mm (L x W x T)
Format:	Paperback - Trade
Pages:	316
ISBN-13:	978-0-521-12135-4
Categories:	Books > Business & Economics > Economics > Econometrics > Economic statistics Promotions
LSN:	0-521-12135-3
Barcode:	9780521121354

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