Saturday, December 21, 2013

What is an Econometric Model? Objectivity vs. Reflexivity

In response to my recent post, titled, "The History of Econometrics - An Alternative View", Judea Pearl  sent me a thoughtful and intriguing comment. The comment is posted already, but I think that it deserves more than just being tucked away at the bottom of another post.

So, I am giving Judea's comment additional attention here. I hope that you'll find it interesting, and that it will provoke some much-needed discussion.

Here's Judea's comment in its entirety: