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Description for Encompassing
Paperback. This text formalizes the idea that a model should be able to explain the result obtained by other, rival models. From the properties of the encompassing relation established here, it follows that encompassing can be used as a simplifying device in empirical model building. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 170 pages, biography. BIC Classification: PBWH. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 9. Weight in Grams: 282.
The history of many sciences is characterized by an almost continuous emer gence of new theories. From a normative point of view, the survival of a new theory should mainly be determined by its ability to explain a new body of facts which the existing theories are unable to explain. If in addition the new theory is able to explain all the results obtained by the existing theories and if it can point out why these theories fail to explain certain facts, it should become the dominant theory. Otherwise, it might coexist with other theories for some time. Hence, a ... Read more
The history of many sciences is characterized by an almost continuous emer gence of new theories. From a normative point of view, the survival of a new theory should mainly be determined by its ability to explain a new body of facts which the existing theories are unable to explain. If in addition the new theory is able to explain all the results obtained by the existing theories and if it can point out why these theories fail to explain certain facts, it should become the dominant theory. Otherwise, it might coexist with other theories for some time. Hence, a ... Read more
Product Details
Format
Paperback
Publication date
1997
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
170
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
160
Place of Publication
Berlin, Germany
ISBN
9783540618904
SKU
V9783540618904
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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