Some Lessons for Economists from the Financial Crisis Thomas Willett
This extensive quotation rather than mere paraphrase seemed to me almost unavoidable in the present critical work because of the many existing and possible ...
Making sense of the five critical pillars: a manifesto for economics ...Specifically, we illustrate how the methodological controversies raised by significance testing are philo- sophically interesting, and that issues in the ... Statistical Significance Testing in Economics - IRIS-AperTOThe aims of the series are two-fold: to pinpoint essential principles of a particular field, and to offer insights that stimulate critical ... Advanced Introduction to New Institutional EconomicsThis course provides students with a systematic analysis of competing perspectives on key areas of macroeconomic theory and policy. The aim of ... Economic Forecasting. Experimental Evidence on Individual Biases ...Accurate predictions hold an essential role for private and public actors' ability to enable the efficient planning and execution of their. 3 8 <\ THE EMERGESCE OF THE THEORY'OF THE FIRM* FROM ...The theory of the firm's production and selling decisions is traced from the eighteenth century until the death of Marshall. Some tentative judgments are ... On doing better science: From thrill of discovery to policy ... - ServalSOCIAL reformers and legislators will never be economists, and they will always work on economic theory of one kind or another. The Common Sense of Political Economy, vol. 1 - Mises InstituteAlthough economists use theory and observation like other scientists, they do face an obstacle that makes their task especially challenging: Experiments are. Thinking Like an Economist - CengageThe uncertainties in the data as well as in the knowledge necessitate an in-depth understanding of economic and financial risk management. Wellmer exchanged his ... How much do we learn? Measuring symmetric and asymmetric ...Our index of symmetric biases can capture not only under- inference (conservatism) but also overinference, making it suitable to identify ... The Disenchantment of Mainstream Economics: - SkemmanIn this paper we present the major research and findings in behavioral economics, compare them with dominant theories in mainstream economics, as well as ... The Need for Equivalence Testing in EconomicsSince such a claim is ludicrous, these results imply that null claims in top economics journals exhibit unacceptably high error rates. Being Economic: Perspectives on Risk and RationalityThe list isn't exhaustive; but it suffices to demonstrate that economics is characterised by a multitude of schools of thought, or methodological.
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