Methodology and Tacit Knowledge Two Experiments in Econometrics [Hardcover]

Econometrics textbooks see their subject as a set of techniques; Magnus and Morgan see it as a set of practices. A combination of controlled experiment and anthropology of science, Methodology and Tacit Knowledge gives a rare inside view of how econometricians work, why econometrics is an art and not a set of simple recipes, and why, like all artists, econometricians differ in their techniques and finished works. This is economic methodology at its best. Kevin Hoover, University of California, Davis

The tacit knowledge experiment was a highly commendable initiative. Its exploration of the theme of how knowledge is acquired and used in applied econometrics is unique and produced some fascinating insights into this process. Adrian Pagan, Australian National University

It is rare, perhaps unique, to find leading empirical economists face the prospect of modelling the same phenomena, with the same data within the same limited time frame. A valuable and illuminating experiment in comparative research methodologies, made all the more provocative when compared to the excellent original study by Tobin. Richard Blundell, University College London

This book will be of considerable interest to economists and to econometricians concerned about the methodology of their own discipline, and will provide valuable material for researchers in science studies and for teachers of econometrics.Introduction: Applied Econometrics and Design of Two Experiments (J. Magnus & M. Morgan).

THE FIELD TRIAL EXPERIMENT.

Organization of the Field Trial Experiment (J. Magnus & M. Morgan).

A Statistical Demand Function for Food in the USA (J. Tobin).

On the Correspondence Between Individual and Aggregate Food Consumption Functions: Evidence from the USA and the Netherlands (H. Anderson & F. Vahid)l3+