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Simplicity, Inference and Modelling

Name: Simplicity, Inference and Modelling
Brand: Cambridge University Press
SKU: 02022866
Price: 59.53 EUR
Availability: InStock
Author: Arnold ZellnerHugo A. KeuzenkampMichael McAleer
ISBN: 9780521121354

Keeping it Sophisticatedly Simple

Arnold ZellnerHugo A. KeuzenkampMichael McAleer

Jazyk

Angličtina

Kniha Brožovaná

Libristo kód: 02022866

Nakladateľstvo Cambridge University Press, október 2009

The idea that simplicity matters in science is as old as science itself, with the much cited example... Celý popis

Libristo kód: 02022866

145 b

59.53 €

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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.