|
|
|||
Simplicity, Inference and Modelling by Arnold Zellner & Hugo A. Keuzenkampf & Michael McAleer
Keeping it Sophisticatedly Simple
An inter-disciplinary perspective on the role of simplicity in modelling and inference.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 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. |
|
| Author(s) : Arnold Zellner & Michael McAleer | Format : Hardback Book |
| ISBN-10 : 0521803616 | ISBN-13 : 9780521803618 |
| RRP : £65.00 | Best available price : £ / $ |
| Prices as of : BST check live prices | |
Product Details:
Country Publication : United Kingdom
Publication Date : 07/02/2002
Publisher : Cambridge University Press
Page Length : 312mm
Page Size : 236mm