The Epistemology of Simulation, Computation and Dynamics in Economics Ennobling Synergies, Enfeebling 'Perfection'
AbstractLehtinen and Kuorikoski () question, provocatively, whether, in the context of Computing the Perfect Model, economists avoid - even positively abhor - reliance on simulation. We disagree with the mildly qualified affirmative answer given by them, whilst agreeing with some of the issues they raise. However there are many economic theoretic, mathematical (primarily recursion theoretic and constructive) - and even some philosophical and epistemological - infelicities in their descriptions, definitions and analysis. These are pointed out, and corrected; for, if not, the issues they raise may be submerged and subverted by emphasis just on the unfortunate, but essential, errors and misrepresentations
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Bibliographic InfoPaper provided by ASSRU - Algorithmic Social Science Research Unit in its series ASSRU Discussion Papers with number 1002.
Date of creation: 2010
Date of revision:
Simulation; Computation; Computable; Analysis; Dynamics; Proof; Algorithm;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-04 (All new papers)
- NEP-CBE-2011-06-04 (Cognitive & Behavioural Economics)
- NEP-CMP-2011-06-04 (Computational Economics)
- NEP-HPE-2011-06-04 (History & Philosophy of Economics)
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