Simplicity, Inference and Modelling
Keeping it Sophisticatedly Simple
Published on 15. October 2009
Book
Paperback/Softback
316 pages
978-0-521-12135-4 (ISBN)
Description
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.
Reviews / Votes
"This lively and informative exposition of several points of view...will make this book pleasurable reading for not only philosophers of science and epistemologists, but also for those data analysts interested in formalizing the foundations that guide and shape their modeling practices." Journal of American Statistical AssociationMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Product notice
Paperback (trade)
Illustrations
Worked examples or Exercises
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 19 mm
Weight
515 gr
ISBN-13
978-0-521-12135-4 (9780521121354)
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Schweitzer Classification
Other editions
Additional editions
Arnold Zellner | Hugo A. Keuzenkamp | Michael McAleer
Simplicity, Inference and Modelling
Keeping it Sophisticatedly Simple
E-Book
01/2005
1st Edition
Cambridge University Press
€38.49
Available for download
Persons
Content
1. The importance of simplicity in theory and practice A. Zellner, H. A. Keuzenkamp and M. McAleer; 2. What is the problem of simplicity? E. Sober; 3 Science seeks parsimony - not simplicity searching for pattern in phenomena H. Simon; 4. A macroeconomic approach to complexity M. Boumans; 5. The new science of simplicity M. R. Forster; 6. What explains complexity? B. Hamminga; 7. Occam's bonus A. W. F. Edwards; 8. Simplicity, information, Kolmogorov complexity, and prediction P. Vitanyi and M. Li; 9. Simplicity and statistical inference J. Rissanen; 10. Rissanen's theorem and econometric series W. Ploberger and P. C. B. Phillips; 11. Parametric versus non-parametric inference: satistical models and simplicity; 12. The role of simplicity in an econometric model selection process A. Aznar, M. Isable Ayuda and C. Garcia-Olaverri; 13. Simplicity in a behavioural, non-parametric context D. Tempelaar; 14. Keep it sophisticatedly simple A. Zellner; 15. Communication, complexity and coordination in games M. Ganslandt; 16. The simplicity of an earnings frontier U. Jensen; 17. Simplicity - views of the Nobel Laureates in economic science H. A. Keuzenkamp and M. McAleer.