Methodology and Tacit Knowledge: Two Experiments in Econometrics / Edition 1 available in Hardcover
- Pub. Date:
"Econometrics textbooks see their subject as a set of techniques;Magnus and Morgan see it as a set of practices. A combination ofcontrolled experiment and anthropology of science, Methodology andTacit Knowledge gives a rare inside view of how econometricianswork, why econometrics is an art and not a set of simple recipes,and why, like all artists, econometricians differ in theirtechniques and finished works. This is economic methodology at itsbest." Kevin Hoover, University of California, Davis "The tacit knowledge experiment was a highly commendableinitiative. Its exploration of the theme of how knowledge isacquired and used in applied econometrics is unique and producedsome fascinating insights into this process." Adrian Pagan,Australian National University "It is rare, perhaps unique, to find leading empirical economistsface the prospect of modelling the same phenomena, with the samedata within the same limited time frame. A valuable andilluminating experiment in comparative research methodologies, madeall the more provocative when compared to the excellent originalstudy by Tobin." Richard Blundell, University College London This book will be of considerable interest to economists and toeconometricians concerned about the methodology of their owndiscipline, and will provide valuable material for researchers inscience studies and for teachers of econometrics.
|Product dimensions:||6.81(w) x 9.84(h) x 1.15(d)|
Table of ContentsIntroduction: Applied Econometrics and Design of Two Experiments(J. Magnus & M. Morgan).THE FIELD TRIAL EXPERIMENT.Organization of the Field Trial Experiment (J. Magnus & M.Morgan).A Statistical Demand Function for Food in the USA (J. Tobin).On the Correspondence Between Individual and Aggregate FoodConsumption Functions: Evidence from the USA and the Netherlands(H. Anderson & F. Vahid).The Demand for Food in the United States and the Netherlands: ASystems Approach with the CBS Model (H. van Driel, et al.).Revisiting Tobin's 1950 Study of Food Expenditure (E.Leamer).Empirical Econometric Modelling of Food Consumption Using a NewInformational Complexity Approach (P. Bearse, et al.).A Comparative Study of Modelling the Demand for Food in the UnitedStates and the Netherlands (H. Song, et al.).Statistical Demand Functions for Food in the USA and theNetherlands (D. de Crombrugghe, et al.).The Dynamics and Statics of Food Consumption: Tobin Revisited (R.Hoglung, et al.).Tobin's Study on the Demand of Food in the US Revisited: AnExamination of the Issue of Pooling Information from Budget Studiesand Time Series (G. Maddala, et al.).My 1950 Food Demand Study in Retrospect (J. Tobin).Comparative Assessments of the Field Trial Experiment (A. Barten,et al.).Analysis of the Field Trial Experiment (J. Magnus & W.Siegert).Lessons from the Field Trial Experiment (J. Magnus & M.Morgan).THE TACIT KNOWLEDGE EXPERIMENT.Organization of the Tacit Knowledge Experiment (J. Magnus & M.Morgan).An Application of Three Econometric Methodologies to the Estimationof the Income Elasticity of Food Demand (W. Siegert).An Econometric Analysis of US Food Expenditure, 1931-1989 (D.Hendry).Is this How I Look? (E. Leamer).The Tilburg Experiments: Impressions of a Drop-Out (A.Pagan).Lessons from the Tacit Knowledge Experiment (J. Magnus & M.Morgan).THE DATA.Description of the US Data (J. Magnus & M. Morgan).Description of the Dutch Data (J. Magnus & M. Morgan).