Pragmatism, Perspectival Realism, and Econometrics

27 Pages Posted: 6 Jan 2011 Last revised: 26 Jan 2011

See all articles by Kevin D. Hoover

Kevin D. Hoover

Duke University - Departments of Economics and Philosophy

Date Written: January 24, 2011

Abstract

Econometricians tend to hold simultaneously two views in tension with each other: an apparent anti-realism that holds that all models are false and at best useful constructs or approximations to true models and an apparent realism that models are to be judged by their success at capturing an independent reality. This tension is resolved starting from Ronald Giere’s perspectival realism. Perspectival realism can itself be seen as a species of pragmatism, as that term is understood by its originator, Charles S. Peirce.

Keywords: econometrics, realism, perspectival realism, perspectivism, pragmatism, models, Ronald Giere, Charles S. Peirce

JEL Classification: B40, B41, C10, C18

Suggested Citation

Hoover, Kevin D., Pragmatism, Perspectival Realism, and Econometrics (January 24, 2011). Economic Research Initiatives at Duke (ERID) Working Paper No. 88. Available at SSRN: https://ssrn.com/abstract=1735031 or http://dx.doi.org/10.2139/ssrn.1735031

Kevin D. Hoover (Contact Author)

Duke University - Departments of Economics and Philosophy ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States

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