Arnold Zellner, Hugo A. Keuzenkamp, Michael McAleer “Simplicity, Inference and Modelling: Keeping it Sophisticatedly Simple”
Cambridge University Press | 2002-03-11 | ISBN: 0521803616 | 312 pages | PDF | 1,5 Mb
The idea that simplicity matters in science is as old as science itself, with the much cited example of Ockham’s Razor. A problem with Ockham’s Razor is that nearly everybody seems to accept it, but few are able to define its exact meaning and to make it operational in a non-arbitrary way.
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