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Epistemic virtues and theory choice in economics

Moscati, Ivan (2006) Epistemic virtues and theory choice in economics. Discussion paper, Steuer, Max (ed.) DP 79/06. Centre for Philosophy of Natural and Social Science, London, UK.

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Identification Number: DP 79/06

Abstract

When economists have to choose between competing theories, they evaluate not only the theories’ empirical relevance, but also qualities like their simplicity, tractability, parsimony and unifying power. These are called the epistemic virtues of a theory. The present paper proposes a formal definition for some epistemic virtues and investigates their role for theory choice in economics.

Item Type: Monograph (Discussion Paper)
Official URL: http://www.lse.ac.uk/CPNSS/home.aspx
Additional Information: © 2006 The Author
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Philosophy of Natural and Social Science (CPNSS)
Date Deposited: 29 Jul 2014 13:13
Last Modified: 29 Jul 2014 13:14
Funders: Bocconi University
URI: http://eprints.lse.ac.uk/id/eprint/58429

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