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Econometric reduction theory and philosophy

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorSucarrat, Genaro
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned2009-02-27T12:04:39Z
dc.date.available2009-02-27T12:04:39Z
dc.date.issued2009-02
dc.description.abstractEconometric reduction theory provides a comprehensive probabilistic framework for the analysis and classification of the reductions (simplifications) associated with empirical econometric models. However, the available approaches to econometric reduction theory are unable to satisfactory accommodate a commonplace theory of social reality, namely that the course of history is indeterministic, that history does not repeat itself and that the future depends on the past. Using concepts from philosophy this paper proposes a solution to these shortcomings, which in addition permits new reductions, interpretations and definitions.
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.repecwe091005
dc.identifier.urihttps://hdl.handle.net/10016/3773
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Economics
dc.relation.ispartofseries09-05
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.jelB40
dc.subject.jelC50
dc.subject.otherTheory of reduction
dc.subject.otherDGP
dc.subject.otherPossible worlds
dc.subject.otherEconometrics and philosophy
dc.titleEconometric reduction theory and philosophy
dc.typeworking paper*
dspace.entity.typePublication
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