Rescuing Econometrics

ISBN-13: 9781032586052 / Twarda / 2023 / 224 str.

Duo Qin

Opis

Haavelmo’s The Probability Approach in Econometrics is acclaimed as the manifesto of econometrics. This book challenges Haavelmo’s probability approach, shows how its use is delivering defective and inefficient results, and argues for a paradigm shift in econometrics towards a full embrace of machine learning.

Spis treści

1. Abstract Modelling of Reality 2. Learnability of Economic Relations 3. Basic Functions of Probability in Econometrics 4. Roles of Hypothesis Testing and Economic Model Formulation 5. Problems and Potentials of Estimation 6. Cognitive Problems of Prediction

 

O autorze

Duo Qin is Emeritus Professor of Economics at SOAS, University of London