| By: |
Itzhak Gilboa (Tel-Aviv University; HEC, Paris; Cowles Foundation, Yale University);
Andrew Postlewaite (Dept. of Economics, University of Pennsylvania);
Larry Samuelson (Cowles Foundation, Yale University);
David Schmeidler |
| Abstract: |
We propose a formal model of scientific modeling, geared to applications of
decision theory and game theory. The model highlights the freedom that
modelers have in conceptualizing social phenomena using general paradigms in
these fields. It may shed some light on the distinctions between (i)
refutation of a theory and a paradigm, (ii) notions of rationality, (iii)
modes of application of decision models, and (iv) roles of economics as an
academic discipline. Moreover, the model suggests that all four distinctions
have some common features that are captured by the model. |
| Keywords: |
Methodology, Models, Economic modeling |
| JEL: |
B40 B41 |
| Date: |
2014–09 |
| URL: |
http://d.repec.org/n?u=RePEc:cwl:cwldpp:1958&r=exp |