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Rescuing Econometrics

- From the Probability Approach to Probably Approximately Correct Learning

By Duo Qin
About Rescuing Econometrics

Haavelmo's The Probability Approach in Econometrics is acclaimed as the manifesto of econometrics. This book challenges Haavelmo's probability approach, shows how its use is delivering defective and inefficient results, and argues for a paradigm shift in econometrics towards a full embrace of machine learning.

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  • Language:
  • English
  • ISBN:
  • 9781032586052
  • Binding:
  • Hardback
  • Pages:
  • 224
  • Published:
  • November 30, 2023
  • Dimensions:
  • 156x234x8 mm.
  • Weight:
  • 340 g.
Delivery: 2-3 weeks
Expected delivery: December 18, 2024
Extended return policy to January 30, 2025

Description of Rescuing Econometrics

Haavelmo's The Probability Approach in Econometrics is acclaimed as the manifesto of econometrics. This book challenges Haavelmo's probability approach, shows how its use is delivering defective and inefficient results, and argues for a paradigm shift in econometrics towards a full embrace of machine learning.

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