Simplicity, inference and modeling : keeping it sophisticatedly simple / edited by Arnold Zellner, Hugo A. Keuzenkamp and Michael McAleer.

Format:

Book

Contributor:

Zellner, Arnold, editor.

Keuzenkamp, Hugo A., editor.

McAleer, Michael, editor.

Language:

English

Subjects (All):

Simplicity (Philosophy).

Inference.

Econometrics.

Physical Description:

1 online resource (ix, 302 pages) : digital, PDF file(s).

Edition:

1st ed.

Other Title:

Simplicity, Inference & Modelling

Place of Publication:

Cambridge : Cambridge University Press, 2001.

Language Note:

English

Summary:

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.

Contents:

The enigma of simplicity / Hugo A. Keuzenkamp, Michael McAleer and Arnold Zellner

What is the problem of simplicity? / Elliott Sober

Science seeks parsimony, not simplicity : searching for pattern in phenomena / Herbert A. Simon

A macroeconomic approach to complexity / Marcel Boumans

The new science of simplicity / Malcolm R. Forster

What explains complexity? / Bert Hamminga

Occam's bonus / A.W.F. Edwards

Simplicity, information, Kolmogorov complexity and prediction / Paul Vitányi and Ming Li

Simplicity and statistical inference / Jorma Rissanen

Rissanen's theorem and econometric time series / Werner Ploberger and Peter C.B. Phillips

Parametric versus non-parametric inference : statistical models and simplicity / Aris Spanos

The role of simplicity in an econometric model selection process / Antonio Aznar, M. Isabel Ayuda and Carmen García-Olaverri

Simplicity in a behavioural, non-parametric context / Dirk Tempelaar

Keep it sophisticatedly simple / Arnold Zellner

Communication, complexity and coordination in games / Mattias Ganslandt

The simplicity of an earnings frontier / Uwe Jensen

Simplicity : views of some Nobel laureates in economic science / Michael McAleer.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

ISBN:

1-107-12342-9

1-280-15486-1

0-511-11959-3

0-511-04159-4

0-511-15671-5

0-511-32937-7

0-511-49316-9

0-511-04381-3

OCLC:

191953194