Infinite Idealizations and Approximate Explanations in Economics
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Yew-Kwang Ng, 2016. "Are Unrealistic Assumptions/Simplifications Acceptable? Some Methodological Issues in Economics," Pacific Economic Review, Wiley Blackwell, vol. 21(2), pages 180-201, May.
- McCloskey, Donald N, 1983. "The Rhetoric of Economics," Journal of Economic Literature, American Economic Association, vol. 21(2), pages 481-517, June.
- D. Arnold & F. Maier-Rigaud, 2012. "The Enduring Relevance of the Model Platonism Critique in Economics and Public Policy," Post-Print hal-00800713, HAL.
- Max Albert & Andreas Hildenbrand, 2016. "Industrial Organization and Experimental Economics: How to Learn from Laboratory Experiments," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 33(1), pages 135-156, August.
- Albert, Hans & Arnold, Darrell & Maier-Rigaud, Frank, 2012. "Model Platonism: Neoclassical economic thought in critical light," Journal of Institutional Economics, Cambridge University Press, vol. 8(3), pages 295-323, September.
- Rotemberg, Julio J & Saloner, Garth, 1986. "A Supergame-Theoretic Model of Price Wars during Booms," American Economic Review, American Economic Association, vol. 76(3), pages 390-407, June.
- Vega-Redondo,Fernando, 2003.
"Economics and the Theory of Games,"
Cambridge Books,
Cambridge University Press, number 9780521775908, January.
- Vega-Redondo,Fernando, 2003. "Economics and the Theory of Games," Cambridge Books, Cambridge University Press, number 9780521772518, November.
- Arnold, Darrell & Maier-Rigaud, Frank P., 2012. "The enduring relevance of the model Platonism critique for economics and public policy," Journal of Institutional Economics, Cambridge University Press, vol. 8(3), pages 289-294, September.
- Arnold, Darrell & Maier-Rigaud, Frank P., 2012. "The enduring relevance of the model Platonism critique for economics and public policy – Addendum," Journal of Institutional Economics, Cambridge University Press, vol. 8(3), pages 325-325, September.
- Hal R. Varian, 1997. "How to Build an Economic Model in Your Spare Time," The American Economist, Sage Publications, vol. 41(2), pages 3-10, October.
- Martin J. Osborne & Ariel Rubinstein, 1994.
"A Course in Game Theory,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262650401, December.
- Martin J Osborne & Ariel Rubinstein, 2009. "A Course in Game Theory," Levine's Bibliography 814577000000000225, UCLA Department of Economics.
- Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521415019, December.
- Mailath, George J. & Samuelson, Larry, 2006. "Repeated Games and Reputations: Long-Run Relationships," OUP Catalogue, Oxford University Press, number 9780195300796.
- Ken Binmore, 1998. "Game Theory and the Social Contract - Vol. 2: Just Playing," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262024446, December.
- George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
- Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521425230, December.
- Ken Binmore, 1994. "Game Theory and the Social Contract, Volume 1: Playing Fair," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262023636, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Max Albert, 2022. "How to Escape from Model Platonism in Economics: Critical Assumptions, Robust Conclusions, and Approximate Explanations," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 39(1), pages 37-68, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Max Albert, 2022. "How to Escape from Model Platonism in Economics: Critical Assumptions, Robust Conclusions, and Approximate Explanations," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 39(1), pages 37-68, October.
- Max Albert, 2013. "From Unrealistic Assumptions to Economic Explanations. Robustness Analysis from a Deductivist Point of View," MAGKS Papers on Economics 201352, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Thijssen, J.J.J., 2003. "Investment under uncertainty, market evolution and coalition spillovers in a game theoretic perspective," Other publications TiSEM 672073a6-492e-4621-8d4a-0, Tilburg University, School of Economics and Management.
- Irene van Staveren, 2012. "An Evolutionary Efficiency Alternative to the Notion of Pareto Efficiency," Economic Thought, World Economics Association, vol. 1(1), pages 1-6, July.
- Jayme Lemke & John Kroencke, 2020. "Methodological confusions and the science wars in economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(1), pages 87-106, March.
- Larry Samuelson, 2016. "Game Theory in Economics and Beyond," Journal of Economic Perspectives, American Economic Association, vol. 30(4), pages 107-130, Fall.
- Walter Veit, 2019. "Modeling Morality," Papers 1907.08659, arXiv.org.
- Suzuki, Tomo, 2003. "The accounting figuration of business statistics as a foundation for the spread of economic ideas," Accounting, Organizations and Society, Elsevier, vol. 28(1), pages 65-95, January.
- Itzhak Gilboa & Andrew Postlewaite & Larry Samuelson & David Schmeidler, 2011.
"Economic Models as Analogies,"
PIER Working Paper Archive
12-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Itzhak Gilboa & Andrew Postlewaite & Larry Samuelson & David Schmeidler, 2011. "Economic Models as Analogies, Second Version," PIER Working Paper Archive 12-030, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 31 Jul 2012.
- Itzhak Gilboa & Andrew Postlewaite & Larry Samuelson & David Schmeidler, 2012. "Economic Models as Analogies, Third Version," PIER Working Paper Archive 13-007, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 27 Jan 2013.
- Schaefer, Alexander, 2021. "Rationality, uncertainty, and unanimity: an epistemic critique of contractarianism," Economics and Philosophy, Cambridge University Press, vol. 37(1), pages 82-117, March.
- De Geest, Gerrit, 1996. "The debate on the scientific status of law & economics," European Economic Review, Elsevier, vol. 40(3-5), pages 999-1006, April.
- Giacomo Bonanno, 2008. "Non-cooperative game theory," Working Papers 86, University of California, Davis, Department of Economics.
- J. van Oosterhout & P.P.M.A.R. Heugens & S.P. Kaptein, 2003. "The Internal Morality of Contacting: Redeeming the Contractualist Endeavor in Business Ethics," Working Papers 03-15, Utrecht School of Economics.
- Mary Morgan, 2001. "Models, stories and the economic world," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(3), pages 361-384.
- Robert Sugden, 2002. "The evolutionary turn in game theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(1), pages 113-130.
- Francesco Guala & Andrea Salanti, 2002. "On the Robustness of Economic Models," Working Papers (-2012) 0208, University of Bergamo, Department of Economics.
- Josh Angrist & Pierre Azoulay & Glenn Ellison & Ryan Hill & Susan Feng Lu, 2020. "Inside Job or Deep Impact? Extramural Citations and the Influence of Economic Scholarship," Journal of Economic Literature, American Economic Association, vol. 58(1), pages 3-52, March.
- I. Gilboa & A. Postlewaite & L. Samuelson & D. Schmeidler, 2015.
"Economic models as analogies,"
Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
- Itzhak Gilboa & Andrew Postlewaite & Larry Samuelson & David Schmeidler, 2014. "Economic Models as Analogies," Economic Journal, Royal Economic Society, vol. 124(578), pages 513-533, August.
- Itzhak Gilboa & Andrew Postlewaite & Larry Samuelson & David Schmeidler, 2011. "Economic Models as Analogies," PIER Working Paper Archive 12-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Gilboa, Itzhak & Postlewaite, Andrew, 2013. "Economic Models as Analogies," Foerder Institute for Economic Research Working Papers 275778, Tel-Aviv University > Foerder Institute for Economic Research.
- Muthoo, Abhinay, 2000.
"On the foundations of basic property rights, Part I: A model of the state-of-nature with two players,"
Economics Discussion Papers
9986, University of Essex, Department of Economics.
- Abhinay Muthoo, 2000. "On the Foundations of Basic Property Rights, Part I: A Model of the State-of-Nature with Two Players," Econometric Society World Congress 2000 Contributed Papers 0471, Econometric Society.
- Giacomo Bonanno, 2008. "Non-cooperative game theory," Working Papers 159, University of California, Davis, Department of Economics.
More about this item
Keywords
Approximate explanation; Folk theorems of game theory; Infinite idealizations; Method of decreasing abstraction; Methodology of economics; Unrealistic assumptions;All these keywords.
JEL classification:
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HPE-2017-07-16 (History and Philosophy of Economics)
- NEP-ORE-2017-07-16 (Operations Research)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mar:magkse:201726. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bernd Hayo (email available below). General contact details of provider: https://edirc.repec.org/data/vamarde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.