Abducting Economics

S-Tier
Journal: American Economic Review
Year: 2017
Volume: 107
Issue: 5
Pages: 298-302

Authors (2)

James J. Heckman (University of Chicago) Burton Singer (not in RePEc)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abduction is the process of generating and choosing models, hypotheses, and data analyzed in response to surprising findings. All good empirical economists abduct. Explanations usually evolve as studies evolve. The abductive approach challenges economists to step outside the framework of received notions about the "identification problem" that rigidly separates the act of model and hypothesis creation from the act of inference from data. It asks the analyst to engage models and data in an iterative dynamic process, using multiple models and sources of data in a back and forth where both models and data are augmented as learning evolves.

Technical Details

RePEc Handle
repec:aea:aecrev:v:107:y:2017:i:5:p:298-302
Journal Field
General
Author Count
2
Added to Database
2026-02-02