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Pragmatism, Perspectival Realism, and Econometrics


  • Kevin D. Hoover


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.

Suggested Citation

  • Kevin D. Hoover, 2010. "Pragmatism, Perspectival Realism, and Econometrics," Working Papers 10-91, Duke University, Department of Economics.
  • Handle: RePEc:duk:dukeec:10-91

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    econometrics; realism; perspectival realism; perspectivism; pragmatism; models; Ronald Giere; Charles S. Peirce;

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General

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