Models and Credibility
Bibliographic Data
| ID | 10928308 |
|---|---|
| Authors | Hsiang-Ke Chao (0000-0002-6641-8966, National Tsing Hua University, Hsinchu, Taiwan, corresponding author) |
| Year | 2014 |
| Volume | 44 |
| Issue | 5 |
| Pages | 588-605 |
| Publication date | 2014-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Philosophy of the Social Sciences (JOURNAL) |
| Journal identifiers | ISSN: 0048-3931 • E-ISSN: 1552-7441 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/0048393114531545 |
| OpenAlex | W2032121507 |
| Language | EN |
| References cited | 36 |
This article argues that the credibility of both theoretical and empirical models in economics is best understood through their connection with the empirical aspects of the real world. The discussion herein demonstrates that the similarity between the model and the real world is not enough to justify a theoretical model’s explanatory power. The best way to secure the model’s credibility is to prove the existence of representation theorems
Connection (principal bundle) · Credibility · Econometrics · Economics · Epistemology · Explanatory power · Political science · Politics · Positive economics · Representation (politics) · Similarity (geometry) · Artificial Intelligence · Complex Systems and Time Series Analysis · Computer Science · Economic theories and models · Economic Theory and Institutions · Law · Mathematics · Philosophy
Micromotives and macrobehavior
Hunting Causes and Using Them
Explaining Science
Evidence-Based Policy
The Inexact and Separate Science of Economics
Good News and Bad News
A Simple Model of Herd Behavior
Credible worlds
Causal Parameters and Policy Analysis in Economics
Layoffs and Lemons
Macroeconomics and Reality
Are RCTs the Gold Standard
A comparison of the meaning and uses of models in mathematics and the empirical sciences
Across the Boundaries
Adverse Selection in the Wholesale Used Car Market
"The Market for "Lemons
The scientific image
Segregation in the Classroom
The Credibility Revolution in Empirical Economics
Scientific Perspectivism
| Citation velocity | historical |
|---|---|
| Highly cited | No |