The Limits Of Inference Without Theory

Author : Kenneth I. Wolpin
Publisher : MIT Press
ISBN 13 : 0262019086
Total Pages : 197 pages
Book Rating : 4.88/5 ( download)

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Download or read book The Limits of Inference without Theory written by Kenneth I. Wolpin and published by MIT Press. This book was released on 2013-04-26 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of theory in ex ante policy evaluations and the limits that eschewing theory places on inference In this rigorous and well-crafted work, Kenneth Wolpin examines the role of theory in inferential empirical work in economics and the social sciences in general—that is, any research that uses raw data to go beyond the mere statement of fact or the tabulation of statistics. He considers in particular the limits that eschewing the use of theory places on inference. Wolpin finds that the absence of theory in inferential work that addresses microeconomic issues is pervasive. That theory is unnecessary for inference is exemplified by the expression “let the data speak for themselves.” This approach is often called “reduced form.” A more nuanced view is based on the use of experiments or quasi-experiments to draw inferences. Atheoretical approaches stand in contrast to what is known as the structuralist approach, which requires that a researcher specify an explicit model of economic behavior—that is, a theory. Wolpin offers a rigorous examination of both structuralist and nonstructuralist approaches. He first considers ex ante policy evaluation, highlighting the role of theory in the implementation of parametric and nonparametric estimation strategies. He illustrates these strategies with two examples, a wage tax and a school attendance subsidy, and summarizes the results from applications. He then presents a number of examples that illustrate the limits of inference without theory: the effect of unemployment benefits on unemployment duration; the effect of public welfare on women's labor market and demographic outcomes; the effect of school attainment on earnings; and a famous field experiment in education dealing with class size. Placing each example within the context of the broader literature, he contrasts them to recent work that relies on theory for inference.

Author : Henry Hughes
Publisher : Forgotten Books
ISBN 13 : 9781330148976
Total Pages : 276 pages
Book Rating : 4.75/5 ( download)

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Download or read book The Theory of Inference written by Henry Hughes and published by Forgotten Books. This book was released on 2015-06-24 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Theory of Inference This book, a wholly secular composition, was originally designed to form part of a treatise on religious faith. But it so grew in the course of being written, in material size and intellectual weight, that at length it seemed desirable to publish it as an independent volume. Although the argument is primarily intended to serve a special purpose, and the form in which it is cast has to a certain extent been determined by that purpose, yet the author ventures to hope that it will be found to have a general and scientific value. He offers it to the thinking public, not merely as a defence and explanation of the habit of assenting to propositions which arc not capable of being demonstrated by one man to another, but as an impartial investigation of the whole of that part of mental science which has to do with inference. He has endeavoured to set forth with all needful clearness and precision the nature and the limits of induction and deduction, as well as to vindicate the essential reasonableness of what he has called illation. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author : Charles West Churchman
Publisher :
ISBN 13 :
Total Pages : 292 pages
Book Rating : 4.93/5 ( download)

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Download or read book Theory of Experimental Inference written by Charles West Churchman and published by . This book was released on 1973 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Henry Hughes
Publisher : Forgotten Books
ISBN 13 : 9780260026019
Total Pages : 276 pages
Book Rating : 4.18/5 ( download)

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Download or read book The Theory of Inference (Classic Reprint) written by Henry Hughes and published by Forgotten Books. This book was released on 2017-10-31 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Theory of Inference This book, a wholly secular composition, was originally designed to form part of a treatise on religious faith. But it so grew in the course of being written, in material size and intellectual weight, that at length it seemed desirable to publish it as an independent volume. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author : Ron B. Dickinson
Publisher :
ISBN 13 :
Total Pages : 364 pages
Book Rating : 4.93/5 ( download)

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Download or read book The Limits of Causal Inference in Marketing Research written by Ron B. Dickinson and published by . This book was released on 1997 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Scott Cunningham
Publisher : Yale University Press
ISBN 13 : 0300251688
Total Pages : 585 pages
Book Rating : 4.85/5 ( download)

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Download or read book Causal Inference written by Scott Cunningham and published by Yale University Press. This book was released on 2021-01-26 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible, contemporary introduction to the methods for determining cause and effect in the social sciences "Causation versus correlation has been the basis of arguments--economic and otherwise--since the beginning of time. Causal Inference: The Mixtape uses legit real-world examples that I found genuinely thought-provoking. It's rare that a book prompts readers to expand their outlook; this one did for me."--Marvin Young (Young MC) Causal inference encompasses the tools that allow social scientists to determine what causes what. In a messy world, causal inference is what helps establish the causes and effects of the actions being studied--for example, the impact (or lack thereof) of increases in the minimum wage on employment, the effects of early childhood education on incarceration later in life, or the influence on economic growth of introducing malaria nets in developing regions. Scott Cunningham introduces students and practitioners to the methods necessary to arrive at meaningful answers to the questions of causation, using a range of modeling techniques and coding instructions for both the R and the Stata programming languages.

Author : Jau-Lian Jeng
Publisher : Springer
ISBN 13 : 3319741926
Total Pages : 268 pages
Book Rating : 4.25/5 ( download)

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Download or read book Empirical Asset Pricing Models written by Jau-Lian Jeng and published by Springer. This book was released on 2018-03-19 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the verification of empirical asset pricing models when returns of securities are projected onto a set of presumed (or observed) factors. Particular emphasis is placed on the verification of essential factors and features for asset returns through model search approaches, in which non-diversifiability and statistical inferences are considered. The discussion reemphasizes the necessity of maintaining a dichotomy between the nondiversifiable pricing kernels and the individual components of stock returns when empirical asset pricing models are of interest. In particular, the model search approach (with this dichotomy emphasized) for empirical model selection of asset pricing is applied to discover the pricing kernels of asset returns.

Author : Ali Hortaçsu
Publisher : Princeton University Press
ISBN 13 : 0691243468
Total Pages : 280 pages
Book Rating : 4.67/5 ( download)

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Download or read book Structural Econometric Modeling in Industrial Organization and Quantitative Marketing written by Ali Hortaçsu and published by Princeton University Press. This book was released on 2023-10-24 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Within economics a relatively new way of modeling has dominated important subfields: structural modeling. The goal of this book is to give an overview on how the various streams of literatures in empirical industrial organization and quantitative marketing use structural econometric modeling to estimate the model parameters, give the economic-model-based predictions, and conduct the policy counterfactual experiments. The traditional way of modelling, called "reduced-form" builds its models from simple relationships between variables of interests, which are mostly linear. Structural econometric models start by specifying the structure of the economic model, and the variables are calibrated from real-world data. This method enables better predictions and policy counterfactuals, and has other benefits. When considering a hypothetical policy change using the traditional modeling method ("reduced form"), researchers can often only estimate whether an effect would be positive or negative. With a structural econometric model using real-world data, a researcher can obtain the magnitude of the effects resulting from a hypothetical change. But the ability of quantifying the effects associated with a hypothetical policy change comes with its costs: the nonlinearity from explicitly specifying the possible relationships makes the structural econometric approach generally much more difficult to implement than its reduced-form counterpart. Therefore this book will provide a much-needed resource on how to use these methods effectively in the fields in which they been used the most, empirical industrial organization and quantitative marketing"--

Author : Scott P. Handler
Publisher : CQ Press
ISBN 13 : 154438307X
Total Pages : 616 pages
Book Rating : 4.71/5 ( download)

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Download or read book International Politics written by Scott P. Handler and published by CQ Press. This book was released on 2020-12-23 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do states do what they do? Who are the relevant nonstate actors in international politics and why do they do what they do? What causes conflict and cooperation in the international system? These are some of the most basic questions that the discipline of International Relations (IR) seeks to answer; they are also the questions that drive the objectives, organization and content of this book. International Politics: Classic and Contemporary Readings, Second Edition seeks to help students engage critically with some of the world’s most challenging questions through the use of leading classic and contemporary scholarship in the field of international relations. The first five chapters of the book explore the leading theoretical traditions in international relations, while subsequent chapters explore the themes of international security, international political economy, and contemporary challenges in international relations. This organization makes the book easy to use as standalone text or alongside core text. Class-tested on over 10,000 students in the last decade, this text was built from the ground up to introduce students to the traditions and new foundations of international relations as well to the principles of intellectually rigorous thought.

Author : Jim Granato
Publisher : Cambridge University Press
ISBN 13 : 1009038176
Total Pages : 399 pages
Book Rating : 4.71/5 ( download)

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Download or read book Empirical Implications of Theoretical Models in Political Science written by Jim Granato and published by Cambridge University Press. This book was released on 2021-05-13 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tension has long existed in the social sciences between quantitative and qualitative approaches on one hand, and theory-minded and empirical techniques on the other. The latter divide has grown sharper in the wake of new behavioural and experimental perspectives which draw on both sides of these modelling schemes. This book works to address this disconnect by establishing a framework for methodological unification: empirical implications of theoretical models (EITM). This framework connects behavioural and applied statistical concepts, develops analogues of these concepts, and links and evaluates these analogues. The authors offer detailed explanations of how these concepts may be framed, to assist researchers interested in incorporating EITM into their own research. They go on to demonstrate how EITM may be put into practice for a range of disciplines within the social sciences, including voting, party identification, social interaction, learning, conflict and cooperation to macro-policy formulation.