nep-exp New Economics Papers
on Experimental Economics
Issue of 2014‒10‒17
one paper chosen by



  1. A Model of Modeling By Itzhak Gilboa; Andrew Postlewaite; Larry Samuelson; David Schmeidler

  1. 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

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