Causality in the context of analytical models and numerical experiments

被引:6
|
作者
Balakrishnan, Ramji [1 ]
Penno, Mark [1 ]
机构
[1] Univ Iowa, Tippie Coll Business, Iowa City, IA 52242 USA
关键词
ERRORS; MARKET;
D O I
10.1016/j.aos.2013.09.004
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Intuition tends to guide model formulation, as it is generally impossible to consider all dimensions of a problem. The ability to surprise, heightening the focus on paradox and the contradiction of reality, is therefore more useful than a literal representation of reality. While numerical experiments are useful in exploring patterns not well suited to analytic approaches, features of the model that underlies the experiment determines the experiments' ability to provide insight and offer surprise. (C) 2013 Elsevier Ltd. All rights reserved.
引用
收藏
页码:531 / 534
页数:4
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