Work

Limits of Econometrics

Year: 2009
Type: article
Abstract: In the social and behavioral sciences, far-reaching claims are often made for the superiority of advanced quantitative methods by those who manage to ignore the far-reaching assumptions behind the models. In section 2, we see there was considerable skepticism about disentangling causal processes by statistical modeling. Freedman (2005) examined several well-known modeling exercises, and discovered good reasons for skepticism. Some kinds of problems may yield to sophisticated statistical technique; others will not. The goal of empirical research is or should be to increase our understanding of the phenomena, rather than displaying our mastery of technique.
Language: English
Open Access status: green
OpenAlex ID: W1561828386
FWCI: 0.762
Cites: 79
Cited by: 5
Related to: 10