| Simplicity, Inference and Modelling: Keeping It Sophisticatedly Simple Contributor(s): Zellner, Arnold (Editor), Keuzenkamp, Hugo A. (Editor), McAleer, Michael (Editor) |
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ISBN: 0521121353 ISBN-13: 9780521121354 Publisher: Cambridge University Press OUR PRICE: $51.29 Product Type: Paperback - Other Formats Published: October 2009 |
| Additional Information |
| BISAC Categories: - Philosophy | Metaphysics - Business & Economics | Econometrics |
| Dewey: 117 |
| Lexile Measure: 1440 |
| Physical Information: 0.71" H x 6" W x 9" (1.02 lbs) 316 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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? |
