The Limits Of Inference Without Theory

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The Limits of Inference without Theory

Author : Kenneth I. Wolpin
Publisher : MIT Press
ISBN 13 : 0262313685
Total Pages : 197 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Limits of Inference without Theory by : Kenneth I. Wolpin

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.

The Limits of Inference without Theory

Author : Kenneth I. Wolpin
Publisher : MIT Press
ISBN 13 : 0262019086
Total Pages : 197 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis The Limits of Inference without Theory by : Kenneth I. Wolpin

Information Theory, Inference and Learning Algorithms

Author : David J. C. MacKay
Publisher : Cambridge University Press
ISBN 13 : 9780521642989
Total Pages : 694 pages
Book Rating : 4.6/5 (429 download)

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Book Synopsis Information Theory, Inference and Learning Algorithms by : David J. C. MacKay

Download or read book Information Theory, Inference and Learning Algorithms written by David J. C. MacKay and published by Cambridge University Press. This book was released on 2003-09-25 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information theory and inference, taught together in this exciting textbook, lie at the heart of many important areas of modern technology - communication, signal processing, data mining, machine learning, pattern recognition, computational neuroscience, bioinformatics and cryptography. The book introduces theory in tandem with applications. Information theory is taught alongside practical communication systems such as arithmetic coding for data compression and sparse-graph codes for error-correction. Inference techniques, including message-passing algorithms, Monte Carlo methods and variational approximations, are developed alongside applications to clustering, convolutional codes, independent component analysis, and neural networks. Uniquely, the book covers state-of-the-art error-correcting codes, including low-density-parity-check codes, turbo codes, and digital fountain codes - the twenty-first-century standards for satellite communications, disk drives, and data broadcast. Richly illustrated, filled with worked examples and over 400 exercises, some with detailed solutions, the book is ideal for self-learning, and for undergraduate or graduate courses. It also provides an unparalleled entry point for professionals in areas as diverse as computational biology, financial engineering and machine learning.

The Theory of Inference

Author : Henry Hughes
Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.:/5 (39 download)

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Book Synopsis The Theory of Inference by : Henry Hughes

Download or read book The Theory of Inference written by Henry Hughes and published by . This book was released on 1894 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Markets without Limits

Author : Jason F. Brennan
Publisher : Routledge
ISBN 13 : 1317815629
Total Pages : 376 pages
Book Rating : 4.3/5 (178 download)

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Book Synopsis Markets without Limits by : Jason F. Brennan

Download or read book Markets without Limits written by Jason F. Brennan and published by Routledge. This book was released on 2015-08-20 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: May you sell your vote? May you sell your kidney? May gay men pay surrogates to bear them children? May spouses pay each other to watch the kids, do the dishes, or have sex? Should we allow the rich to genetically engineer gifted, beautiful children? Should we allow betting markets on terrorist attacks and natural disasters? Most people shudder at the thought. To put some goods and services for sale offends human dignity. If everything is commodified, then nothing is sacred. The market corrodes our character. Or so most people say. In Markets without Limits, Jason Brennan and Peter Jaworski give markets a fair hearing. The market does not introduce wrongness where there was not any previously. Thus, the authors claim, the question of what rightfully may be bought and sold has a simple answer: if you may do it for free, you may do it for money. Contrary to the conservative consensus, they claim there are no inherent limits to what can be bought and sold, but only restrictions on how we buy and sell.

Causal Inference

Author : Scott Cunningham
Publisher : Yale University Press
ISBN 13 : 0300251688
Total Pages : 585 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Causal Inference by : Scott Cunningham

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.

Structural Econometric Modeling in Industrial Organization and Quantitative Marketing

Author : Ali Hortaçsu
Publisher : Princeton University Press
ISBN 13 : 0691243468
Total Pages : 280 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Structural Econometric Modeling in Industrial Organization and Quantitative Marketing by : Ali Hortaçsu

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"--

International Politics

Author : Scott P. Handler
Publisher : CQ Press
ISBN 13 : 154438307X
Total Pages : 616 pages
Book Rating : 4.5/5 (443 download)

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Book Synopsis International Politics by : Scott P. Handler

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.

Empirical Implications of Theoretical Models in Political Science

Author : Jim Granato
Publisher : Cambridge University Press
ISBN 13 : 1009038176
Total Pages : 399 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Empirical Implications of Theoretical Models in Political Science by : Jim Granato

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.

Econometrics in a Formal Science of Economics

Author : Bernt P. Stigum
Publisher : MIT Press
ISBN 13 : 0262028581
Total Pages : 389 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Econometrics in a Formal Science of Economics by : Bernt P. Stigum

Download or read book Econometrics in a Formal Science of Economics written by Bernt P. Stigum and published by MIT Press. This book was released on 2015 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the role of theory in applied econometrics.

Asymptotic Theory for Econometricians

Author : Halbert White
Publisher : Academic Press
ISBN 13 : 1483294420
Total Pages : 241 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Asymptotic Theory for Econometricians by : Halbert White

Download or read book Asymptotic Theory for Econometricians written by Halbert White and published by Academic Press. This book was released on 2014-06-28 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended to provide a somewhat more comprehensive and unified treatment of large sample theory than has been available previously and to relate the fundamental tools of asymptotic theory directly to many of the estimators of interest to econometricians. In addition, because economic data are generated in a variety of different contexts (time series, cross sections, time series--cross sections), we pay particular attention to the similarities and differences in the techniques appropriate to each of these contexts.

Including a Symposium on Bruce Caldwell's Beyond Positivism after 35 Years

Author : Luca Fiorito
Publisher : Emerald Group Publishing
ISBN 13 : 1787561275
Total Pages : 203 pages
Book Rating : 4.7/5 (875 download)

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Book Synopsis Including a Symposium on Bruce Caldwell's Beyond Positivism after 35 Years by : Luca Fiorito

Download or read book Including a Symposium on Bruce Caldwell's Beyond Positivism after 35 Years written by Luca Fiorito and published by Emerald Group Publishing. This book was released on 2018-05-18 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 36A of Research in the History of Economic Thought and Methodology features a symposium on Bruce Caldwell’s Beyond Positivism after 35 years. The volume also features general-research essays from Luis Mireles-Flores and Alain Marciano. Luca Fiorito presents a new discovery from the archives.

The General Theory of Employment, Interest and Money

Author : John Maynard Keynes
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis The General Theory of Employment, Interest and Money by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest and Money written by John Maynard Keynes and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Design of Observational Studies

Author : Paul R. Rosenbaum
Publisher : Springer Nature
ISBN 13 : 3030464059
Total Pages : 552 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Design of Observational Studies by : Paul R. Rosenbaum

Download or read book Design of Observational Studies written by Paul R. Rosenbaum and published by Springer Nature. This book was released on 2020-07-13 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of Design of Observational Studies is both an introduction to statistical inference in observational studies and a detailed discussion of the principles that guide the design of observational studies. An observational study is an empiric investigation of effects caused by treatments when randomized experimentation is unethical or infeasible. Observational studies are common in most fields that study the effects of treatments on people, including medicine, economics, epidemiology, education, psychology, political science and sociology. The quality and strength of evidence provided by an observational study is determined largely by its design. Design of Observational Studies is organized into five parts. Chapters 2, 3, and 5 of Part I cover concisely many of the ideas discussed in Rosenbaum’s Observational Studies (also published by Springer) but in a less technical fashion. Part II discusses the practical aspects of using propensity scores and other tools to create a matched comparison that balances many covariates, and includes an updated chapter on matching in R. In Part III, the concept of design sensitivity is used to appraise the relative ability of competing designs to distinguish treatment effects from biases due to unmeasured covariates. Part IV is new to this edition; it discusses evidence factors and the computerized construction of more than one comparison group. Part V discusses planning the analysis of an observational study, with particular reference to Sir Ronald Fisher’s striking advice for observational studies: "make your theories elaborate." This new edition features updated exploration of causal influence, with four new chapters, a new R package DOS2 designed as a companion for the book, and discussion of several of the latest matching packages for R. In particular, DOS2 allows readers to reproduce many analyses from Design of Observational Studies.

Inference and Consciousness

Author : Timothy Chan
Publisher : Routledge
ISBN 13 : 1351366734
Total Pages : 251 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis Inference and Consciousness by : Timothy Chan

Download or read book Inference and Consciousness written by Timothy Chan and published by Routledge. This book was released on 2019-12-20 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inference has long been a central concern in epistemology, as an essential means by which we extend our knowledge and test our beliefs. Inference is also a key notion in influential psychological accounts of mental capacities, ranging from problem-solving to perception. Consciousness, on the other hand, has arguably been the defining interest of philosophy of mind over recent decades. Comparatively little attention, however, has been devoted to the significance of consciousness for the proper understanding of the nature and role of inference. It is commonly suggested that inference may be either conscious or unconscious. Yet how unified are these various supposed instances of inference? Does either enjoy explanatory priority in relation to the other? In what way, or ways, can an inference be conscious, or fail to be conscious, and how does this matter? This book brings together original essays from established scholars and emerging theorists that showcase how several current debates in epistemology, philosophy of psychology and philosophy of mind can benefit from more reflections on these and related questions about the significance of consciousness for inference.

Sustainable Economic Development

Author : Arsenio Balisacan
Publisher : Academic Press
ISBN 13 : 0128004169
Total Pages : 532 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Sustainable Economic Development by : Arsenio Balisacan

Download or read book Sustainable Economic Development written by Arsenio Balisacan and published by Academic Press. This book was released on 2014-09-20 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable Economic Development: Resources, Environment, and Institutions presents 25 articles that lay the foundations of sustainable development in a way that facilitates effective policy design. The editors mix broad thematic papers with focused micro-papers, balancing theories with policy designs.The book begins with two sections on sustainable development principles and practice and on specific settings where sustainable development is practiced. Two more sections illuminate institutions, governance, and political economy. Additional sections cover sustainable development and agriculture, and risk and economic security, including disaster management. This rich source of information should appeal to any institution involved in development work, and to development practitioners grappling with an array of difficult on-the-ground developmental challenges. Analyzes policies that move markets and resource use patterns towards achieving sustainability Articles are kaleidoscopic in scope and creativity Authors embody extraordinary diversity and qualifications

Microeconometrics and MATLAB: An Introduction

Author : Abi Adams
Publisher : Oxford University Press
ISBN 13 : 0191069442
Total Pages : 220 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Microeconometrics and MATLAB: An Introduction by : Abi Adams

Download or read book Microeconometrics and MATLAB: An Introduction written by Abi Adams and published by Oxford University Press. This book was released on 2016-01-14 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a practical guide for theory-based empirical analysis in economics that guides the reader through the first steps when moving between economic theory and applied research. The book provides a hands-on introduction to some of the techniques that economists use for econometric estimation and shows how to convert a selection of standard and advanced estimators into MATLAB code. The book first provides a brief introduction to MATLAB and its syntax, before moving into microeconometric applications studied in undergraduate and graduate econometrics courses. Along with standard estimation methods such as, for example, Method of Moments, Maximum Likelihood, and constrained optimisation, the book also includes a series of chapters examining more advanced research methods. These include discrete choice, discrete games, dynamic models on a finite and infinite horizon, and semi- and nonparametric methods. In closing, it discusses more advanced features that can be used to optimise use of MATLAB, including parallel computing. Each chapter is structured around a number of worked examples, designed for the reader to tackle as they move through the book. Each chapter ends with a series of readings, questions, and extensions, designed to help the reader on their way to adapting the examples in the book to fit their own research questions.